Willis Towers Watson and Verisk Launch New Real-Time Pricing Feature for Commercial Insurance

Reuters
06/30
Willis Towers Watson and Verisk Launch New Real-Time Pricing Feature for Commercial Insurance

Willis Towers Watson plc $(WTW)$ has unveiled a revolutionary feature in its Radar analytics deployment solution, developed in collaboration with Verisk. This enhancement allows insurers to adjust to market price movements in real-time by incorporating Verisk's ISO Electronic Rating Content™ (ISO ERC ™). The new functionality facilitates a seamless integration of ISO ERC into Radar, enabling insurers to create ISO-based pricing models almost instantaneously. This advancement significantly reduces the time required for rating policy adjustments, which previously took months, and provides a powerful competitive edge by enhancing rate-making efficiency. The collaboration aims to boost accuracy, speed, and analytical sophistication in commercial insurance pricing, benefiting both businesses and their customers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Willis Towers Watson plc published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

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