WTW has released a new version of its US Library models within RiskAgility Financial Modeler, adding full support for VM-22 requirements for life insurers.
WTW said the next generation of its US Library models in RiskAgility FM fully incorporates Valuation Manual 22 (VM-22) standards for non-variable annuity products. VM-22 changes how certain annuity and related products are valued for statutory reporting The update is aimed at insurers and reinsurers that need to comply with the revised reserving framework. VM-22 changes how certain annuity and related products are valued for statutory reporting. It introduces a more market-aligned and princ