HTC Global Services and Willis Towers Watson collaborate to improve operational efficiency and speed to market for insurers
London (Willis Towers Watson) — Willis Towers Watson announced today that HTC Global Services has joined its Radar Live Collaboration programme. HTC brings market-leading insurance-focused system integration expertise to the programme, with extensive knowledge of regional market needs.
Radar Live is a cutting-edge price delivery and decision engine platform tailored to both P&C and Life markets. The software technology allows insurers, brokers and intermediaries to quickly and easily develop rates, rules, adjustments and decision engines and deploy them directly into their operations for real time execution. This ensures companies can develop sophisticated pricing and decisioning strategies and cut their time-to-market from days to minutes, enabling quick reaction to market developments, while providing greatly improved accuracy of rate deployment and operational efficiency.
HTC’s extensive domain and digital transformation delivery expertise will significantly help insurers, MGAs and intermediaries to rapidly implement Radar Live pricing, rules and decision support into their portfolio management, pricing and claims decision workflow processes.
Manny Bedi, Director of Insurance Practice, HTC Global Services, said: “Radar Live is a complete solution in the market for insurers looking to achieve operational efficiency by cutting time and costs of rate implementation. Combining HTC’s expert system integration capabilities with Radar Live redefines our combined value proposition in a new, flexible insurance ecosystem, where innovation, agility and scalability are essential to improving performance that meets the evolving needs of clients.”
Andrew Harley, Director at Willis Towers Watson, said: “We are delighted that HTC has joined our Radar Live Collaboration programme. HTC has invaluable expertise in delivering and integrating emerging technologies that perfectly complement the capabilities of Radar Live and will help to drive significant value to our mutual customers across the world.”
About HTC Global Services
HTC Global Services is a leading global provider of innovative IT and Business Process Services and Solutions. Established in 1990 with headquarters in Troy, Michigan, USA, HTC combines its extensive technical and domain expertise along with its business partner approach to enable clients to realize business transformation and maximize business returns. For more information visit www.htcinc.com.
About Radar Live
Radar Live is point-of-sale insurance rating software that builds on, and completely integrates with, Willis Towers Watson’s analytical software Emblem, Classifier, Radar Base and Radar Optimiser. It harnesses the analysis of this software by directly using insurance pricing models developed by analysts and replicating their results exactly in a calculation engine that interfaces with existing IT administration systems. Click here for more information about Radar Live.
About Insurance Consulting And Technology
Willis Towers Watson’s Insurance Consulting and Technology business has over 1,200 colleagues operating in 35 markets worldwide. It is a leading provider of advice, solutions and software – primarily to the insurance industry. Its consulting services help clients manage risk and capital, improve business performance and create competitive advantage – by focusing on financial and regulatory reporting, enterprise risk and capital management, M&A and corporate restructuring, products, pricing, business management and strategy.
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving in more than 140 countries and markets. We design and deliver solutions that manage risk, optimise benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential.