EMB Igloo
Whether you are a global company looking to create and use financial models worldwide, or a smaller operation that wants to benefit from using models without impractical time and staffing commitments, EMB Igloo offers the flexibility and control to meet your business need.
EMB Igloo is available in three main editions, including the brand new compact edition for companies wanting a convenient entry point to comprehensive risk modelling:
- EMB Igloo Compact Edition (ICE)
- EMB Igloo Extreme
- EMB Igloo Enterprise
An Audit edition is also available to allow third parties to conduct independent audits of Igloo models
Each product in the Igloo suite enables you to do the following:
- Create models yourself and tailor them to your business
- Develop models quickly – have helped clients to build full regulatory models from start to finish in under six months
- Speed up the processing of your model simulations
- Drive business efficiencies in areas such as reinsurance purchase – one international client saved an estimated $20 million in this area alone
- Consolidate subsidiary models from different editions of Igloo at corporate level
Igloo users can quickly start to see how decisions impact on wider business risk, and can use model outputs to promote a wider understanding of risk within the business. EMB’s experience in using Igloo in consultancy assignments is an important part of what you buy with Igloo. Building an accurate and effective model can be a complex process. EMB’s actuarial and modelling experts provide as much support as you require throughout the build phase and as you develop your use of Igloo.
Igloo is already the insurance industry’s market-leading modelling platform with around 500 licensees worldwide, and is noted for its transparency and scalability. The different editions provide an end-to-end solution that both fits your immediate needs and can grow with your business, enabling you to meet your business and regulatory requirements now and in the future.
Download the EMB Igloo suite brochure
Read how RSA, Markel International and Travelers UK are using Igloo
Read our latest briefings papers on modelling issues and regulatory developments
EMB Igloo Compact Edition (ICE)
The perceived cost and complexity of integrated risk models has historically proved a barrier to entry for many smaller firms. ICE addresses these issues and offers huge accuracy, time and efficiency improvements over the most common alternative – spreadsheet-based models.
Specific benefits:
- Offers standard library modules developed over a number of years
- Enables you to very quickly establish a modelling platform with the assurance that you can seamlessly upgrade to other editions of Igloo if you wish
- Reduces the risk of inadvertent error inherent in using spreadsheet models
- Provides a range of components that EMB can tailor to your company’s needs
- Includes parameterisation for the standard modules
For further information, download our brochure
EMB Igloo Extreme
The Extreme edition, as well as offering the standard modelling libraries, enables you to create flexible and sophisticated models that reflect the uniqueness of your business.
Specific benefits:
- Includes all of the benefits of the Compact Edition
- Gives you complete flexibility to create your own libraries of reusable components
- Merges the capabilities of previous Igloo Professional and ExtrEMB modules to include full model parameterisation
- Enables optimisation of business strategies, e.g. reinsurance purchase
- Provides a migration path to a fully distributed model (EMB Igloo Enterprise)
EMB Igloo Enterprise
The Enterprise edition benefits any organisation with a sophisticated model or those companies that want to run a smaller model many times with different sets of assumptions. EMB Igloo Enterprise can be integrated with web-based technologies, corporate databases and document management systems. This is particularly helpful for meeting the requirements of risk-based regulatory regimes such as Solvency II.
Specific benefits:
- Includes all of the benefits of the other two editions
- Provides a distributed, networked solution
- Supports linking to an intranet interface
- Supports a stronger governance framework
- Maximises model throughput
For further information, download our brochure
EMB Igloo Audit
The Audit edition enables Igloo models to be reviewed and passed for regulatory and accounting purposes. It permits third parties to fully investigate the formulae and assumptions behind the models, but with the model development capability stripped out.
For further information on any products within the Igloo suite, please email software-uk@emb.com