Willis Towers Watson has launched Radar Workbench, a software technology that aims to transform the performance of frontline underwriters, allowing them to make better decisions at pace and with confidence.
Radar Workbench is designed to harness a broad range of internal and external data assets, delivers configurable, rich and contextual analysis for specific cases to the underwriter’s desktop in real time.
The platform supports better communication with portfolio managers, who can then perform granular analysis, test scenarios and implement changes seamlessly to underwriters.
Dave Ovenden, global head of product, pricing, claims and underwriting consultancy, Willis Towers Watson, said: “Commercial products are complex, with underlying exposures making effective technology responses challenging and often expensive.
“With margins tight and risks increasingly unpredictable, insurers are under pressure to improve performance whilst still operating within historic constraints.”