Willis Towers Watson
The demands placed on insurance companies’ pricing, underwriting, and claims teams are ever-increasing. The availability of new data sources and the accessibility of machine learning algorithms have raised the bar for expected-analytics performance, driving the level of sophistication in automated decision making higher across almost every insurance market in the world. At the same time, consumers’ demand for online and mobile insurance quotes, their need to compare and contrast multiple quotes, and their expectation regarding fast claims settlements has driven the need for real-time pricing and decision-making, regardless of the complexity of business processes.
Willis Towers Watson’s Radar Suite allows insurers to meet these demands head-on. Insurers can quickly gain a deep understanding of pricing, underwriting, and claims dynamics while reducing exposure to risk and rapidly deploy algorithms through a well-governed and managed process.
Radar Live, the Willis Towers Watson point-of-quote insurance rating and decision engine, can quickly and easily integrate with insurers’ policy administration systems through the MuleSoft Anytime Exchange. The MuleSoft Certified Connector will ensure mutual clients benefit from the ability to deploy algorithms built from the underlying Radar analytics suite. Radar Live can quickly plug into clients’ core processes, ensuring policy administration workflows and data enrichment sources are connected and orchestrated to meet the changing needs of the insurance sector.
Willis Towers Watson is a leading global advisory, broking, and solutions company, with 45,000 employees serving in 140+ countries and markets. Its Insurance Consulting and Technology division provides a powerful combination of advisory services for insurance companies, with leading-edge technology solutions and software that are underpinned by unparalleled analytical capabilities.