Tillinghast Releases New TAS-MoSes Software Application.

Gives Insurers a Comprehensive Solution to Face Challenges in Managing Risk and Capital

STAMFORD, Conn. -- The Tillinghast business of Towers Perrin recently released a new actuarial software application, TAS-MoSes, to help insurers and financial services companies gain competitive advantage and satisfy forthcoming regulatory requirements. The unmatched comprehensive functionality in TAS-MoSes helps these companies save time and money in arriving at a complete solution. Because it is developed and supported by Tillinghast, the world's largest actuarial practice focused on insurance, TAS-MoSes gives insurers confidence in its trustworthy methodology.

"TAS-MoSes offers exciting new capabilities to help companies better manage their business," said Tony Dardis, leader of the software practice in the Americas. "Enhanced goal seeking, stochastic pricing and principles-based approaches to valuation are just a few examples of how TAS-MoSes will help our clients meet the challenges posed by increasing demands for sophisticated financial modeling."

"Our clients look to us to provide high-quality solutions using reliable techniques that they can trust," said Jack Gibson, managing principal of Tillinghast's North America Life Practice. "TAS-MoSes represents a significant investment by Towers Perrin to help our clients stay at the forefront of innovation in managing risk and capital."

TAS-MoSes provides comprehensive actuarial analysis and reporting for typical life insurance and annuity products marketed in the U.S. This application can be used for a variety of tasks, including product development, pricing, valuation, cash flow testing, liability and asset/liability modeling on both a statutory and GAAP basis.

TAS-MoSes software uses the MoSes[TM] platform, a preeminent financial modeling software platform offered by Tillinghast and used by leading insurers around the world. MoSes applications are fully transparent, allowing insurers to see the actual code used to make the calculations and, in turn, to trace the calculations and ease auditability. The MoSes platform also supports distributed processing and grid computing technology to provide scalability for very large projection tasks.

"We are on a journey towards ever more powerful enterprise-ready solutions that our clients will need to meet future requirements for robust functionality, speed, scalability and control," said Mike Oxley, global leader of the software practice. "TAS-MoSes is an important milestone along this path, and we look forward to working with companies to help them realize the benefits of this powerful solution and prepare themselves for the future."

For more information about Tillinghast's financial modeling software applications, call 404-365-1700 or send an e-mail to [e-mail].

Additional information about TAS is available online at www.towersperrin.com/tillinghast/r/tas-moses.htm.

About Towers Perrin and Tillinghast

Towers Perrin is a global professional services firm that helps organizations improve their performance through effective people, risk and financial management. Through its Tillinghast business, Towers Perrin provides consulting and software solutions to insurance and financial services companies and advises other organizations on risk financing and self-insurance. Tillinghast helps clients improve business performance in areas related to their financial, risk, product, distribution and capital issues. The firm's other businesses are HR Services, which provides human resource consulting, and Reinsurance, which provides reinsurance intermediary services. Together, these businesses have offices and business partner locations in 25 countries. More information about Tillinghast is available at www.towersperrin.com/tillinghast.