Services of towers Watson:

Capital market:
Towers Watson Capital Markets (TWCM) consisting of Towers Watson Capital Markets Inc. in the US and Towers Watson Capital Markets Ltd. in the UK was launched in 2008 to offer new services in three broad categories: risk securitization, financial risk transfer transactions, and asset risk management. Your organization can rely on TWCM for analysis and advisory services relating to:

Risk-linked securities, such as catastrophe bonds and longevity swaps, and working with banks and insurers to facilitate execution of primary and secondary market transactions in these securities Selected retirement-related investment and pension risk transfers Selected corporate hedging programs and hard-to-value assets

Corporate Risk Advisory and Brokerage

Towers Watson has the professional depth and expertise to address your companys specific issues across a wide range of risk management challenges. More importantly, we take the time to understand your business goals, objectives and appetite for retaining risk, and then create customized solutions tailored to your unique business objectives and priorities. They also provide the following services Risk Retention Optimization Captive Insurance Company Consulting Executive and Professional Liability Claims Management

Insurance Consulting
Towers Watson's insurance consulting business helps clients improve business performance. We use our deep analytical skills to solve practical business problems, applying the latest techniques and software solutions to help you measure and manage risk and capital, grow revenue and create a competitive advantage. Towers Watson is also a pioneer in the use of enterprise risk management to help insurers identify and avoid potential major losses, enhance risk-adjusted returns, and establish and meet strategic objectives.
Enterprise Risk Management and Risk Transfer Software Solutions Financial and Regulatory Reporting M&A and Corporate Restructuring Product/Market Strategies Financial Modeling P&C Pricing Reserving

Investment Services for the Insurance Industry

Insurance Industry M&A Consulting

The acquisition-based growth is not without risks, particularly if you are exploring new geographies, products or markets. Identifying the best deal to maximize value demands detailed analysis of opportunities. Insurers are now approaching M&As with their sights firmly fixed on operational efficiencies, scale, diversification and risk profile, as well as management talent. Increased awareness of shareholder losses that followed previous merger waves ensures that good governance, target selection and due diligence will be conducted with greater rigor. Towers Watson has solid experience guiding many of the worlds leading life and property & casualty insurers through complex merger, acquisition, sale and restructuring transactions. We work with insurers on the buy or sell side of transactions, involving a substantial number of deals each year. Our services include:
Acquisition strategy and execution Corporate restructuring services Due diligence for pricing, reserve adequacy and reinsurance program evaluation Post-merger human capital and culture change issues Reinsurance transactions aimed at facilitating entry into or exit from lines of business Sales and capital-raising support with actuarial appraisals and reserve reviews Securitization transaction

Investment
Increased risk in the financial markets leaves your investment portfolio exposed. Towers Watson helps you manage investment complexity, establish your risk tolerance and improve governance. We combine innovative thinking with capable execution so you can successfully balance risk and return. Our services include strategies that offer financial predictability and stability. For those looking to exit defined benefit plan sponsorship altogether, we offer settlement solutions. Our services include:
Delegated Investment Services Asset-Liability Modeling Strategic Asset Allocation Policy Investment Services for the Insurance Industry Investment Management Structure, Selection and Ongoing Evaluation Fund Monitoring Settlement Solutions Investment Issues for Nonprofits Risk Hedging

Reinsurance
Towers Watson, reinsurance broker, takes a consultative approach to addressing these challenges with clients. Through our analytical and broking expertise, we are able to execute comprehensive solutions that achieve broad coverage and competitive prices. We complement our service

offering with risk transfer solutions, full-service insurance consulting and financial modeling software. We can secure broad coverage across all lines of business and types of reinsurance. Clients further benefit from our capital market broker/dealer capabilities.
Our services include: Intermediary Services Risk Transfer Analytics and Client Services Enterprise Risk Management Risk Capital Solutions Capital Markets London Market Expertise Investment Services for the Insurance Industry Broker Replacement Services

Risk Management
Towers Watson risk consultants work with you to identify, measure and manage risks that may span the enterprise, or niche risks that may involve a single asset or line of business. For example, we can evaluate risk to cash flow or even determine the cost-effectiveness of a single insurance program. Our analytics embed actuarial and other risk management techniques in a corporate finance setting. We go beyond the numbers to help you manage cost and risk in the context of your overall business objectives.
Our services include: Enterprise Risk and Capital Management Capital Markets Financial Risk Hazard Risk Risk Financing Risk Identification

Software Solutions
Towers Watsons software solutions produce the information that both life and P&C insurers need quickly and reliably to help meet their business challenges. Our solutions support a variety of activities, including risk and capital management, asset-liability modeling, pricing, reserving, product development and marketing planning. We bring together innovative actuarial thinking with software expertise to develop the most comprehensive solutions to measure value, manage risk and safeguard solvency. Clients in more than 50 countries Our services include:
Classifier Economic Scenario Generation

Emblem Igloo MediaOptimiser MoSes Optimizer Pretium Rate Assessor ResQ Risk Agility Simulum TAS Tillinghast Actuarial Software

Business issues

Addressing Retirement Plan Risk Building the HR Function of the Future Capturing the Value of a Corporate Deal Claiming the Health Dividend Embedding ERM in the Insurance Industry Getting and Keeping the Right Talent Getting Executive Pay Right Managing a Multinational Business Managing Investment Risk Rethinking Retirement