Towers Watson News

The Promise of Telemedicine to Pare Health Costs

Telemedicine could potentially deliver more than $6 billion a year in health care savings to U.S. companies, but only if the technology is widely-adopted. According to analysis by global professional services company Towers Watson, achieving this level of savings would …

Commercial Lines Prices Up Only 4% in Q1: Towers Watson

Commercial insurance prices increased by 4 percent in aggregate during the first quarter of 2014, marking the lowest level of growth since fourth-quarter 2011, according to a new survey by Towers Watson. The increase is a full percentage point lower …

Insurance Executives See Jump in Acquisitions Ahead

After a slowdown following the 2008 financial crisis, the volume of insurance mergers and acquisitions should increase over the next one to three years, according to North American insurance executives. A sizable 86 percent of those executives participating in a …

Alternative Capital Softening P&C Reinsurance Market: Towers Watson CFO Survey

A new survey from Towers Watson confirms that “over half (55 percent) of property & casualty (P&C) insurance chief financial officers (CFOs) believe the property reinsurance market is softer than the primary market, while more than one-third (34 percent) deem …

Commercial Lines Price Hikes Slowing: Towers Watson

Commercial insurance prices have risen for 12 straight quarters, including the latest jump of 5 percent in aggregate during fourth-quarter 2013. But price gains are slowing down, according to Towers Watson. The global professional services company published the fourth-quarter update …

Towers Watson Releases Analytical Scoring Model for Auto Insurers

Towers Watson, a global professional services company, has launched DriveAbility 2.0 Score, a new analytical scoring model designed for the automobile insurance industry. DriveAbility 2.0 Score includes a GPS version with location-specific factors in the risk model and a non-GPS …

Commercial Lines Price Gains Slowing Down: Towers Watson

Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers Watson. According to The professional services company’s third-quarter update to its Commercial Lines Insurance …

P/C Insurers’ CFOs Point to Hardening Markets: Towers Watson Survey

Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty CFO survey by global professional services company Towers Watson. …

JLT to Acquire Towers Watson Reinsurance Brokerage Unit, Expand Into U.S.

UK-based broker Jardine Lloyd Thompson Group plc (JLT) said it is acquiring the reinsurance brokerage business of New York-based Towers Watson for $250 million. JLT said the acquisition would provide “a very strong reinsurance platform” in the key North American …

Commercial Insurance Prices Continued Up in Q2: Towers Watson

Commercial insurance prices rose by six percent in aggregate during the second quarter of 2013, marking the 10th consecutive quarter of price increases, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) conducted by global professional services company Towers …