SOURCE: EMB

EMB

September 15, 2009 08:00 ET

EMB Releases Latest Igloo Modeling Suite

Entry-Level Compact Edition Offers a Powerful Modeling Option for Smaller Companies

SAN DIEGO, CA--(Marketwire - September 15, 2009) - EMB has released EMB Igloo™ 4.0, including a new, simplified Compact edition for companies who want to start capital modeling in a small way but who may need to expand models later.

Igloo Compact Edition (ICE) is aimed at companies looking to initiate a capital model or to take the first step up from spreadsheet-based systems to a fully integrated model. It includes a range of standard library modules for applications such as capital allocation, claims modeling, reserving, operational risk, and financial reporting, all of which can be tailored to an individual company's needs.

EMB Partner, Andrzej Czernuszewicz, noted: "ICE enables organizations to very quickly see how decisions impact on wider business risk with the assurance that they can seamlessly upgrade to other versions in the Igloo suite as their modeling requirements grow."

He added that he sees EMB's model development and consulting support services as a major market differentiator. "We want to make sure that companies get their model structures right the first time, particularly if they're using them to prepare regulatory submissions. The fact that we've done this so many times before gives companies the opportunity to have an effective model operating more quickly."

The other versions in the new suite are EMB Igloo Extreme and EMB Igloo Enterprise. The Extreme edition, as well including the standard library modules, offers full model parameterization and the flexibility to create additional libraries. The Enterprise edition is a distributed, networked solution that can be integrated with the Internet as well as database and document management systems. Igloo will also be available in an Audit version to enable third party consultants to carry out full financial reporting audits of company Igloo models.

North America Managing Director, Tom Hettinger said: "We wanted to give companies the ability to get started quickly and build a comfort level with economic capital models but not be constrained with their initial model. With the ability for seamless upgrades, companies can expand their capital models as they get comfortable without changing modeling environments and incurring huge costs or learning new software."

Igloo is already the insurance industry's market leading modeling platform with over 500 users worldwide, including six of the world's top 10 general insurers. It also has applications and users in other financial services businesses, rating agencies and regulators.

Hettinger also added: "The transparency and flexibility of Igloo models are key factors in helping clients to develop a company-wide, holistic view of risk. The importance of enhancing this understanding has become more apparent in this global economic crisis."

NOTES TO EDITORS

About EMB

EMB (www.emb.com) is a leading international consulting firm specializing in property and casualty (P&C) insurance. Covering personal and commercial lines of business, its services include C-Counsel Business Consulting, Actuarial Consulting, Professional Development, Marketing Sciences and Software. EMB pioneered the development and use of high performance actuarial software using modern desktop PCs. The range of EMB software products is unrivalled, making it feasible to perform tasks that would otherwise be impossible, impractical or hugely time-consuming. EMB employs more than 300 people around the globe, covering North and South America, Europe, the Middle East, Asia-Pacific, Africa, and has clients that include 28 of the top 30 P&C companies in the world.

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