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Willis Towers Watson
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Willis Towers Watson | May 04, 2018
Willis Towers Watson (WTW) has launched an updated version of its pricing software, adding new features and functionality to the platform. Radar 4.0 now allows users to build gradient boosting machines and classification models directly within the platform’s decision support environment, a release said....
CB Insights | June 04, 2018
Insurtech investment deals reached a new high in the 2018 first quarter, with older insurers and reinsurers increasingly committing financing right along with traditional venture capitalists, Willis Towers Watson found. There were 66 insurtech investment deals during the quarter at an investment volume of $724 million. That’s up 155 percent from the 2017 first quarter and 16 percent from Q4’s collective deal value of $624 million, Willis Towers Watson noted in its new quarterly insur...
Willis Towers Watson | July 09, 2018
Insurers are increasingly buying reinsurance as protection for their earnings, guided by “risk appetite statements” which optimize capital management and profitability targets, a survey by Willis Towers Watson has revealed. According to the Global Reinsurance and Risk Appetite Survey Report 2017/2018, 80% of insurers consider their risk appetite statements when defining their reinsurance strategies. This is due to pressure from investors, which make insurers less tolerant of missed e...
Willis Towers Watson | July 11, 2018
Willis Towers Watson has announced the launch of an updated version of its Radar pricing software. The update, Radar 4.1, uses the latest technology to improve the sophistication in commercial lines pricing and underwriting, the company said. Radar 4.1 represents sophisticated coverages more easily than before, allowing greater efficiency and accuracy of rate deployment, Willis Towers Watson said. Radar Live implementations are also more transparent and quicker to deploy....
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