ISTANBUL, December 1, 2021 — Willis Towers Watson announced today that Vizyoneks is the latest insurance software provider to join its global Radar Live partner programme. Vizyoneks brings extensive knowledge of Turkey’s insurance market needs to Willis Towers Watson’s ecosystem of leading insurance software houses and system integrators.
In Turkey’s highly competitive market, insurers and intermediaries need the functionality for rapid speed to market, accuracy of rate development and significant operational efficiency. Radar Live’s technology delivers these results, equipping insurers with system scalability that has the stability to support hundreds of millions of quotes per year. The software allows prices, rules and adjustments to be easily developed and deployed directly to a rating system, calculated in real time.
Vizyoneks, a leading software provider in the Turkish insurance market, has extensive expertise in developing successful, integrated solutions for some of the leading financial services companies operating in the region. This collaboration with Radar Live will enable insurers to benefit from powerful, accessible, and well-managed predictive modelling and machine learning software.
Öykü Şahverdi, Information Technologies R&D and Regulation Leader, Vizyoneks, said: “Combining Radar Live with our Modular Vizyoneks insurance package, which has rich business features and is integrated end-to-end by a wide reference list, provides the opportunity to produce an integrated solution for our customers’ data analytics and pricing needs.”
Willis Towers Watson’s Radar pricing technology ensures risk factors and customer characteristics that influence damage costs and customer behaviour are examined with greater depth and accuracy, significantly strengthening insurers’ product offerings.
“This collaboration will further enhance our combined offerings in the industry by providing Vizyoneks customers with easy access to Radar’s highly sophisticated price optimisation tool”
Özay Yarkın | Country Leader, Insurance Consulting and Technology Turkey, Willis Towers Watson
Özay Yarkın, Country Leader, Insurance Consulting and Technology Turkey, Willis Towers Watson, said: “We are delighted that Vizyoneks is joining our global Radar Live programme. This collaboration will further enhance our combined offerings in the industry by providing Vizyoneks customers with easy access to Radar’s highly sophisticated price optimisation tool and a connected, flexible and agile system capable of creating competitive advantage and a greater understanding of the business they write.”
Vizyoneks is one of the leading Software, Consultancy, and Technology providers in the Turkish market. With over 200 highly qualified and experienced staff, its robust financial strength, its high-capacity hardware park and its dedication to providing high-quality client solutions, Vizyoneks has a track record of developing successful, integrated solutions for some of the leading financial services companies operating in Turkey. Alongside its market-leading suite of insurance-focused, end-to-end integrated modular products, its experienced, insurance-focused technology team provides integration and implementation support, as well as Basic and Mobile Field Sales Automation, Data Warehouse, Bigdata, Data Center Operations, Outsourcing and Co-Location Services, Hardware Solutions and Long-Term Software Outsourcing Services. Vizyoneks
Radar Live is point-of-sale insurance rating software and decision engine 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 and decision engines 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.
All are fully integrated with Emblem, which fits predictive models rapidly to very large and complex datasets to reveal the underlying patterns in your data, and Classifier, which provides detailed categorisation and assessment of risk by geography.
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.
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.
