Willis Towers Watson Radar is a platform of software products for Property & Casualty (P&C) insurer pricing teams, including actuaries and underwriters. These products provide powerful management information to support portfolio monitoring and rate setting. Further products are available that perform price optimization and optionally integrate with rating systems to deliver real-time processing capability.
Built with the latest technology, Radar continues the evolution of Willis Towers Watson's market-leading Rate Assessor and Optimiser software products. Many of the world's leading insurers use these products to develop and refine pricing strategies, improve competitive positioning and maximize profit and market share.
WHAT RADAR CAN DO FOR YOU
Provide flexible management information
Enable informed pricing strategy development underpinned by robust analysis of alternatives
Model the impact of potential pricing decisions on volume, profitability and other performance metrics
Highlight weaknesses and cross-subsidies in current pricing structures
Reduce the risk of pricing anti-selection
Allow sophisticated competitor monitoring and analysis
Enable sophisticated demand-based price modeling founded on real world, practical business constraints
Support real-time decision making
Align the pricing and marketing functions through common value metrics and behavioral models
Deliver data and graphic-rich management information that is fully customizable
