Towers Watson, a global professional services company, launched a new software integration product designed to enable life insurers to run MoSes financial models in Microsoft Windows Azure Cloud Services. With the introduction of MoSes Azure, insurers can now run their MoSes models distributed either in-house with MoSes HPC, in Windows Azure Cloud Services or in a seamless combination of both, according to Towers Watson. The company contends the ability to access extra computer power as needed will help insurers improve their financial modeling analytics for better management of risk and capital.
“For most life insurers, computing resource demands for financial modeling fluctuate greatly from typical daily use to heavy use at quarter- and year-end,” said Todd Erkis, global life software product manager, Towers Watson. “Insurers must decide on the appropriate level of investment for in-house computing resources. Should they invest in maximum capacity to handle peak demand, knowing they’ll have idle capacity during off-peak periods? Or should they invest to support typical demand, knowing they will suffer capacity constraints during peak demand? It’s a very difficult decision.”
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