Towers Perrin Announces Updated RiskAgility P&C Risk and Financial Modeling Solution for Insurers and Reinsurers

Comprehensive Features of Software Platform Help Insurers
Understand and Manage Financial Risk

STAMFORD, Conn.--(Business Wire)--
Towers Perrin, a global professional services firm, has announced RiskAgility
P&C Version 1.2, a financial modeling solution for both property & casualty
insurers and reinsurers. The software solution, utilizing the most up-to-date
technology from Microsoft, is aimed at helping companies manage risk and capital
better - while satisfying increased scrutiny from rating agencies, regulators
and investors - for improved enterprise risk management (ERM).

"Property/casualty insurers are facing increased pressure to improve and expand
their implementation of ERM," said Mike Oxley, managing director of software
solutions for Towers Perrin. "Failure to measure up can cost a company a
favorable rating, which can have a dramatic impact on the bottom line. With
RiskAgility P&C, insurers can respond with a strong business and technology
solution that will satisfy outside constituents while improving business
performance."

RiskAgility P&C helps insurers to measure risks across their enterprise better,
determine capital requirements and allocate capital to business units. It also
enables them to develop reserve ranges, optimize reinsurance programs and
measure economic performance and value creation.

"Our company had been looking for a financial modeling solution to help us
improve capital management," said Michael Young, senior vice president and chief
financial officer with MMG Insurance Company. "RiskAgility P&C gives us deeper
insight into the interactions between our insurance portfolio, investments,
reinsurance and financial strategies, which will help us manage capital. Towers
Perrin helped us learn the system and get our model up and running quickly."

The application provides powerful graphical analytics, giving managers a clearer
understanding of the financial risks borne by their companies. The intuitive
user interface makes RiskAgility P&C easy to set up and use, helping insurers
achieve the benefits of enhanced financial modeling more quickly. Version 1.2
helps insurers compare the impact of multiple reinsurance programs in a single
run using individual portfolio reporting and side-by-side graphical portfolio
analysis.

"There`s an evolutionary path for risk and financial modeling, from spreadsheet
models, to packaged software with standard functions, to comprehensive financial
modeling software that can model an insurer`s entire business," said Stephen
Lowe, global director of the property & casualty insurance practice for Towers
Perrin. "RiskAgility P&C can take an insurer to the highest level of financial
modeling using proven methods and the latest software technology. In addition to
delivering comprehensive capabilities and technology, we have remained focused
on making RiskAgility P&C easy to learn and flexible to use."

About Towers Perrin

Towers Perrin is a global professional services firm that helps organizations
improve their performance through effective people, risk and financial
management. The firm provides innovative solutions in the areas of human capital
strategy, program design and management, and in the areas of risk and capital
management, insurance and reinsurance intermediary services, and actuarial
consulting. Towers Perrin has offices and alliance partners in the United
States, Canada, Europe, Asia, Latin America, South Africa, Australia, New
Zealand and the Middle East. More information about Towers Perrin is available
at www.towersperrin.com.

Towers Perrin
Michael McNamara, 914-745-4126
Michael.McNamara@towersperrin.com

Copyright Business Wire 2009