Power your business to better performance
Smarter, faster pricing and underwriting analytics. With the right solution, teams can enhance agility, create more value and eliminate errors. Your business can grow stronger, faster.
- But finding the right support and technology to achieve all this isn’t always straightforward.
- Will your rating engine, insurance analytics and model deployment solution align with your aims?
- Can you generate ROI and stakeholder confidence when some vendors’ AI and open-source capabilities seem persuasive, but have less convincing knowledge of your sector or region?
- Can you get the best of both worlds: insurance-specific knowledge combined with flexible workflows packaged with advanced machine learning?
Radar for personal lines insurers is the answer
Radar is a complete, end-to-end personal lines rating engine, insurance analytics and model deployment solution built specifically for insurers by insurance experts. It is backed by WTW’s decades-long investment in advanced analytics, together with our global network of risk and insurance specialists.
Adaptable to your needs
It lets you tailor wide-ranging personal lines pricing and underwriting analytics and model deployment capabilities to your needs. From analyzing data and deciding strategy, to deploying and monitoring its performance, choose the Radar you need to solve your operational problems and fuel growth.
An all-in-one solution
Radar gives you a full rating engine replacement, handling pricing, underwriting, product feature selection, analytics, machine learning and management information all in one package. It offers the reassurance of a solution that’s embedded in the insurance sector, native to your region and fluent in making AI and open source work to personal lines insurers’ competitive advantage.
Trusted by insurers globally
Join the pricing professionals, underwriters, actuaries, portfolio managers, data scientists, statisticians, claims teams and others working together to create faster, smarter pricing and underwriting with Radar.
Faster, smarter insurance analytics and model deployment
Understand a problem, design a solution, test and deploy it into your rates within one day on a single platform
Get smarter data analytics and predictive models that drive value creation, using AI to understand pricing scenarios and uncover profitable segments
Get automated alerts on better business performance potential and automated monitoring and modeling insight that frees your team to concentrate on higher-value tasks
Benefit from a single end-to-end solution that pricing and underwriting professionals can deploy without the need for IT processes or prioritizations for changes
Show stakeholders your rating decisions, who’s making them and how they’re being followed, easily
Include open source models and algorithms into your analyses quickly and easily.
Turn projects into process with automated pricing, underwriting and model monitoring
Radar’s ability to monitor and automate means it’s more than a tool to support your pricing and underwriting projects. You get an ongoing management engine, helping you make pricing and underwriting decisions to improve your portfolio performance day after day.
Monitoring with Radar goes beyond simple management information. It gives you a single dashboard with insights into existing business performance and changes you could make to maximize the impact of pricing and underwriting.
Discover more on Radar’s monitoring capabilities
Maximize open source and AI with Radar for personal lines insurers
Radar for personal lines insurers gives you fast and easy access to the latest developments from the open-source world in a reliable, low-risk and well-governed environment.
To make it easier for you to use the latest AI techniques, visualize your portfolio, identify opportunities and challenges and check the performance of all underpinning models, we’ve integrated our personal lines insurance analytics solution with Python.
Discover more on Radar’s open-source integration
Radar fits around your personal lines insurance analytics needs
Radar’s flexible insurance analytics and model deployment means you can use it your way. Use it ‘out of the box’ without additional support, or alongside specialist consultants dedicated to helping you maximize ROI.
Radar is flexible. Adapt it to your products, build in your reports and the way you want to run your personal lines business. Radar doesn’t constrain your way of thinking or your approach to a fixed set of pricing models, enable you to build it your way and differentiate your offer. We can train your team on how to deliver better, faster pricing and underwriting using Radar, or you can use the solution to develop multiple use cases — with or without consulting support — as your business objectives evolve.
You can also use Radar in multiple personal lines products, including motor, home, marine, health and life, or deploy it in SME and commercial lines products, all within the same solution.
Discover more on Radar for Commercial Lines Insurers.
