LONDON, June 2, 2021 — Willis Towers Watson has today announced the launch of Igloo Cloud. Igloo Cloud extends the capabilities of Igloo, Willis Towers Watson’s capital modelling platform, into Microsoft Azure, removing reliance upon limited, complex and expensive data centres and providing access to effectively unlimited and flexible computing resources within Azure.
Igloo Cloud is designed to significantly reduce the overall cost of ownership of Igloo. By moving to an environment in Azure, managed by Willis Towers Watson, a user removes or greatly reduces the need for specialist IT, high-performance data centres, disaster recovery sites and hardware refresh cycles. This is replaced by a flexible world in which users can select the right resources for each job, paying only for what they need.
Additionally, Willis Towers Watson have recognised the need for simplicity to support the focus on real business goals. Igloo Cloud requires no material installation tasks for IT teams, whilst modelling users can be up and running within minutes of the system becoming available and with very little need for training.
“Igloo Cloud is designed to allow insurers to leverage models to more effectively understand and influence their business, improving performance and gaining competitive advantage”
Rob Collinson | Global Proposition Leader for P&C business at Willis Towers Watson
Rob Collinson, Global Proposition Leader for P&C business at Willis Towers Watson, said: “Igloo Cloud offers transformational opportunities for all insurers that rely upon Igloo for capital and business modelling. Whilst the technology is clearly crucial, it’s the value that Igloo Cloud unlocks that matters. Igloo Cloud is designed to allow insurers to focus resources – people, time and money - away from administration and instead leverage models to more effectively understand and influence their business, improving performance and gaining competitive advantage.”
Igloo is a highly flexible and intuitive modelling platform, particularly suitable for the modelling of insurance risk. Capital and business models built within Igloo are designed to provide transparency and allow users to represent the behaviour of risks in a highly scalable environment without getting bogged down in the traditional disciplines of software development.
With more than 1,500 licences globally, across approximately 130 insurance groups, Igloo underpins the capital models of P&C insurers ranging from the largest multinationals to single-line niche insurers. As the long-time leader, Igloo is the common language of capital modelling.
Willis Towers Watson’s Insurance Consulting and Technology business has over 1,200 colleagues operating in 35 markets worldwide. It is a leading provider of advice, solutions and software – primarily to the insurance industry. Its consulting services help clients manage risk and capital, improve business performance and create competitive advantage – by focusing on financial and regulatory reporting, enterprise risk and capital management, M&A and corporate restructuring, products, pricing, business management and strategy.
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving in more than 140 countries and markets. We design and deliver solutions that manage risk, optimise benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential.
