Willis Towers Watson Releases New Version of Radar 4.1 Pricing Software
Summary
Willis Towers Watson has launched an updated version of its Radar software, which harnesses the latest technology to improve commercial lines’ pricing and underwriting.Further integration of Radar Live, Willis Towers Watson’s point-of-sale rating software, into the existing IT systems of commercial lines’ insurers and other entities writing policies with multiple coverages.This new capability enhances the understanding of geographic exposure, helping to enrich reporting and improve overall performance by facilitating greater pricing accuracy and more effective management of accumulations of risk.Managers and case underwriters can visualize their exposures and gain a better understanding of the effects of geography on their portfolio with the use of Radar 4.1’s real-world maps, he added.All are fully integrated with Emblem, which fits predictive models rapidly to very large and complex datasets to reveal the underlying patterns in your data, and Classifier, which provides detailed categorization and assessment of risk by geography.