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Willis Towers Watson Radar Live

Towers Watson Delaware Holdings Inc.

Industry leading point-of-quote insurance rating software delivered as a service.

Backed by the power of Microsoft Azure, Willis Towers Watson’s Radar Live allows clients to take advantage of our powerful and flexible rating engine delivered via a highly secure cloud service, as opposed to storing these resources physically within onsite servers. This allows our clients to put more focus on their business, while letting our subject-matter experts handle the management and availability of the solution. What is Radar Live? Radar Live allows prices, adjustments, scores and other metrics developed in the Willis Towers Watson Pricing Suite to be deployed directly to a rating system and calculated in real-time. In markets where regulation permits, this can include policy- or risk-level optimisation. This allows pricing sophistication with simple and complex pricing methodologies, increases speed to market from days to minutes and enables quick reaction to market developments, while providing hugely improved accuracy of rate deployment and operational efficiency. KEY BENEFITS ■      Designed specifically for the insurance industry ■      Pricing sophistication, permitting both simple and highly complex pricing methodologies ■      Pricing agility ■      Rapid speed to market ■      Rapid reaction to market developments ■      Great accuracy of rate deployment ■      Significant operational efficiency ■      Protection of robust audit and governance controls ■      System scalability that can cope with hundreds of millions of quotes per year
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