Willis Towers Watson has partnered with software provider CodeEast to offer a digital transformation solution to insurance companies and MGAs that aims to improve their real-time risk assessment and pricing and reduce their operational costs.

CodeEast’s Oneview digital insurance platform automates complex processes involved in the sales, administration and distribution of insurance products.

The deal combines it with Radar Live, Willis Towers Watson’s price delivery and decision engine platform. This allows Oneview to call Radar Live for real-time pricing requests and add rating algorithms to its operational capabilities.

Andrew Harley (pictured), senior director, insurance consulting and technology at Willis Towers Watson, said: “We are very confident the combination of the Oneview and Radar Live systems will help expedite the important journey our respective clients may have towards digital excellence.”

Aidan Brogan, chief commercial officer of CodeEast, added: “The fundamentals of the insurance industry remain the same: assess risk and present a premium to cover that risk.

“The challenge for insurance companies is to compete in this new world of high staff costs, distribution overheads and ever-growing volumes of data needed to assess risk. Ultimately, this partnership is about giving insurance companies the best digital tools and services to win in this fast-changing world.”

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