Towers Watson News

Towers Watson Predicts Moderate Global Growth, Downside Risks

Towers Watson says that overall global growth in the next three to five years will be moderate and divergent on a country basis, and risks to global growth are skewed to the downside in its report entitled “Secular Outlook 2014: …

Commercial Price Increase Slowdown Carried Into Q2 with Few Exceptions

Commercial insurance prices continued to moderate in the 2014 second quarter. This time, they inched up 3 percent in aggregate, versus a 4 percent increase in the first three months of this year, a new Towers Watson survey concluded. Thus …

Usage-Based Insurance Overcoming Privacy Concerns, Gaining Traction

Consumers as well as commercial fleet managers are becoming more accepting of usage-based insurance (UBI) in which a telematics device is used to track driving behavior as safety and savings benefits appear to be trumping concerns over privacy. Personal auto …

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 …