WTW Signs Global Deal With Zurich to Deploy Radar Software

Life Insurance International··GBCH·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Willis Towers Watson has signed a new global agreement with Zurich Insurance Company to roll out its Radar rating and analytics software across Zurich's worldwide retail lines. The deal expands an existing partnership through which WTW had already deployed Radar across Zurich's primary retail lines in several individual country markets. WTW managing director Georgy Matov said Zurich had chosen Radar as its global pricing solution, and Zurich retail transformation group head Soledad Mune cited the platform's market-leading pricing, global adoption and ease of scaling through a centralised tech infrastructure. Radar, WTW's end-to-end insurance software platform spanning pricing, underwriting and claims for personal and commercial lines insurers, is used by more than 500 insurers worldwide and forms part of WTW's Insurance Consulting and Technology business. The agreement follows other recent WTW moves, including the July launch of KwantSure, an embedded digital insurance programme with Kayna and Kwant, and the June acquisition of Redefind, a web-based platform offering insurance products for cryptocurrency and digital assets.

Impact on assets 2

Financials▲ · 2 stocks
Willis Towers Watson PLC
WTW
▲ PositiveDemandrelevance

WTW signs global deal with Zurich to roll out its Radar pricing/analytics software across Zurich's worldwide retail lines, expanding an existing partnership.

Zurich Insurance Group AG
ZURN
± MixedTechnologyrelevance

Zurich adopts WTW's Radar as its global pricing solution, a tech platform choice rather than a clear financial positive/negative for Zurich.

Off-coverage companies 3

KaynaPrivate± Mixed
relevance

KwantPrivate± Mixed
relevance

RedefindPrivate± Mixed
relevance

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