WTW introduces Radar Vision for insurers
WTW launched Radar Vision, an AI-driven monitoring tool built to help insurers spot emerging trends and performance shifts across pricing, underwriting, claims, and portfolio management.
The new solution builds on WTW’s existing Radar platform, offering faster, automated insights using real-time data and proprietary algorithms to improve underwriting profitability and operational efficiency.
“Insurers in today’s market deploy and maintain large, expansive predictive model real estates, including increasingly complex machine learning models. Radar Vision cuts through this complexity to deliver monitoring that discovers actionable insights faster, offering a competitive edge and driving business performance.
We built Radar Vision specifically for insurers and we believe it represents the next milestone in insurance analytics and insurance business management.
Existing solutions are resource and time intensive, analysing old data that is obsolete, incomplete and inaccurate. In contrast, Radar Vision can be used by portfolio managers and underwriting, claims and pricing teams to complete their calculations and assessments automatically using up-to-date data and bespoke proprietary AI algorithms.” – Pardeep Bassi, Global Proposition Leader, Data Science, Insurance Consulting and Technology, at WTW.