Investment - Articles - Chubb engages Willis Towers Watson for pricing software


Willis Towers Watson’s Insurance Consulting and Technology business today announced that Chubb, the world’s largest publicly traded P&C insurer, has licensed Radar Live, Willis Towers Watson’s advanced pricing delivery software.

 Radar Live’s pricing technology and capability to seamlessly integrate across multiple channels gives commercial insurers increased pace and agility to generate and benefit from ever more sophisticated insights. Clients like Chubb also benefit from advanced analytics and machine learning models, in real time and from a single platform.

 Dave Ovenden, Global Pricing and Underwriting Leader, Willis Towers Watson, said: “We are delighted that Chubb has chosen to work with us and implement Radar Live. Chubb is recognised for its underwriting excellence and our advanced pricing delivery software will support their focus on responding even more quickly to changing market conditions in an efficient way that delivers an exceptional customer experience.”

 According to Willis Towers Watson, new data sources and the accessibility of machine learning algorithms have raised the bar for expected analytics performance and the level of sophistication in automated decision making. At the same time, customer and distributors’ demand for integrated, online and mobile technologies have grown significantly.

 Ovenden commented: “Our new partnership with Chubb continues our commitment to developing software that is relevant, accessible and affordable, pioneering the delivery of leading-edge technology solutions for commercial insurers in order to thrive in the digital age and meet changing customer needs.”

Back to Index


Similar News to this Story

Simple steps to avoid feeling the financial heat this summer
Standard Life shares five key tips to help people save money over the summer season – from pausing unused memberships to making the most of savings fr
M&G completes £205m buy-in with Huntsman Pension Scheme
M&G plc (“M&G”) today announces that it has completed a £205 million buy-in transaction with the Huntsman Pension Scheme, securing the pension scheme
Affordable housing a priority asset class for DC investors
New research from L&G highlights strong support amongst DC (Defined Contribution) savers across both accumulation and decumulation for their pension c

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.