WTW teams up with Applied Systems

Willis Towers Watson has partnered with Applied Systems Europe to support real-time pricing in its Radar Live programme, which enables insurers and MGAs to develop their rates, underwriting rules and adjustments, and then deploy them to the market in real time.

The partnership sees Applied Systems expand its Rating Hub functionality to host and integrate with Radar Live, enhancing the access users have to data and analytics.

Andrew Harley, senior director at Willis Towers Watson, said: “This latest partnership will enable Applied Systems to provide its insurer partners with a sophisticated price enhancement tool, supporting pricing decisions and delivering accurate rates for the mutual benefit of all stakeholders.”

David McKnight, regional director at Applied Systems, added: “The insurance landscape is fast evolving and new digital-first competitors are requiring insurers to adopt new technologies that allow them to get to market more quickly.

“Applied’s partnership with Willis Towers Watson creates a seamless integration between Applied Rating Hub and Radar Live, allowing them to quickly react to market changes and stay ahead of the competition.”

RSA Insurance Ireland is the first insurer to connect to Radar Live via the Applied Rating Hub for real-time pricing.

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