Chubb rolls out WTW’s pricing software

Chubb has partnered with Willis Towers Watson to use its point-of-sale insurance rating software, Radar Live. According to WTW, the software allows prices, rules, adjustments, scores and other metrics to be deployed directly to a rating system calculated in real time.

Dave Ovenden, global pricing and underwriting leader at WTW, 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.”

He added: “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.”

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