{"id":338,"date":"2025-03-05T13:30:35","date_gmt":"2025-03-05T14:30:35","guid":{"rendered":"https:\/\/efficientcontacts.net\/?p=338"},"modified":"2025-03-05T15:45:52","modified_gmt":"2025-03-05T15:45:52","slug":"wtw-unveils-new-ai-driven-monitoring-tool-for-insurers","status":"publish","type":"post","link":"https:\/\/efficientcontacts.net\/index.php\/2025\/03\/05\/wtw-unveils-new-ai-driven-monitoring-tool-for-insurers\/","title":{"rendered":"WTW unveils new AI-driven monitoring tool for insurers"},"content":{"rendered":"

International broker WTW has launched Radar Vision, an AI-driven performance monitoring tool custom-built for insurers.<\/p>\n

\"\"The global insurance industry is facing a period of rapid change and uncertainty, driven by significant inflation, demographic shifts, and a volatile market.<\/p>\n

To succeed in this environment, WTW highlights, insurers must be able to quickly understand and respond to emerging trends and changing customer needs.<\/p>\n

Radar Vision enhances and complements the current capabilities of Radar, WTW\u2019s insurance rating solution, by leveraging artificial intelligence (AI) techniques to generate early, actionable insights relating to inflation, competitor activity, claims and customer behaviour.<\/p>\n

Key benefits to insurers across both personal and commercial lines include enhanced underwriting profitability, new growth opportunities and reduced costs.<\/p>\n

Pardeep Bassi, Global Proposition Leader, Data Science, Insurance Consulting and Technology, at WTW, stated: \u201cInsurers in today\u2019s 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.<\/p>\n

We built Radar Vision specifically for insurers and we believe it represents the next milestone in insurance analytics and insurance business management.\u201d<\/p>\n

Compared to other existing solutions, that are resource and time intensive, 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, WTW explained.<\/p>\n

Bassi said: \u201cBy automating manual processes and applying AI to uncover previously inaccessible insights, Radar Vision improves efficiency and allows insurers to identify changes in actual versus expected performance quickly.<\/p>\n

\u201cThis presents insurers with a forensic insight of potential risks to their businesses, as well as emerging opportunities where resources should be deployed for enhanced performance.\u201d<\/p>\n

The post WTW unveils new AI-driven monitoring tool for insurers<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

International broker WTW has launched Radar Vision, an AI-driven performance monitoring tool custom-built for insurers. The global insurance industry is facing a period of rapid change and uncertainty, driven by significant inflation, demographic shifts, and a volatile market. To succeed in this environment, WTW highlights, insurers must be able to quickly understand and respond to […]<\/p>\n","protected":false},"author":1,"featured_media":340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reinsurance"],"_links":{"self":[{"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/posts\/338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/comments?post=338"}],"version-history":[{"count":2,"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/posts\/338\/revisions"}],"predecessor-version":[{"id":341,"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/posts\/338\/revisions\/341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/media\/340"}],"wp:attachment":[{"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/media?parent=338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/categories?post=338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/efficientcontacts.net\/index.php\/wp-json\/wp\/v2\/tags?post=338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}