Willis Towers Watson has announced the launch of Radar Workbench, a new software product that will allow frontline underwriters to make better decisions at pace and with confidence.
Underwriting has been slow to adopt new technologies. Many insurers still rely on manual processes and spreadsheets that are not equipped to deal with the size and complexity of the data they access, Willis Towers Watson said.
“Commercial products are complex, with underlying exposures making effective technology responses challenging and often expensive,” said Dave Ovenden (pictured), global head of product, pricing, claims and underwriting consultancy, Willis Towers Watson. “With margins tight and