Willis Towers Watson News

Willis Towers Watson Launches Cyber Coverage for Construction Industry

Willis Towers Watson has launched tailored cyber insurance coverage for the construction industry. CyCon was developed in close cooperation with specialty cyber insurance provider NAS Insurance Services and is available nationwide. The coverage includes a blend of first- and third-party …

Willis Towers Watson Releases New Version of Radar 4.1 Pricing Software

Willis Towers Watson has launched an updated version of its Radar software, which harnesses the latest technology to improve commercial lines’ pricing and underwriting. The enhanced features of Radar 4.1 include: Further integration of Radar Live, Willis Towers Watson’s point-of-sale …

Momentum for Rate Hikes Dissipates During June/July Renewals: Willis Re Report

Momentum for rate increases on loss-free reinsurance accounts dissipated during the June/July property catastrophe renewals, and in some cases, pricing declined, according to a report published by Willis Re. For example, although most loss-free Florida property accounts were flat, some …

Most Global Organizations Fail to Learn from Cyber Mistakes: WTW Survey

A majority of executives around the world feel their organizations can do better when it comes to learning from their past cyber mistakes, according to the results of a global survey conducted by The Economist Intelligence Unit (EIU) and Willis …

Willis Towers Watson Launches Update of ResQ Reserving Software

Willis Towers Watson has launched a new version of its loss-reserving software, ResQ. ResQ 4.1 provides property and casualty (P/C) insurers with new reporting capabilities to further advance the software’s technical capability, in response to clients’ increasing need for faster …

Willis Towers Watson Adds Abbott to Lead Northern California Market

Willis Towers Watson has added Fred Abbott as market leader for Northern California. Abbott will be responsible for the company’s business operations, client relationships and growth opportunities across the Northern California market. Abbott has been with the firm for more …

Insurers See Some Obstacles to Expanding Use of Advanced Analytics

Property/casualty insurers in the U.S. have big plans to boost their use of advanced analytics and data in their businesses in multiple ways, but there are potential roadblocks, according to a new Willis Towers Watson survey. Approximately 83 percent of …

Willis Towers Watson Moves ILS from Securities to Reinsurance Unit

Willis Towers Watson is making changes to its insurance linked securities (ILS) business. The ILS business, which was previously part of the its securities business unit, will be integrated into Willis Re. William Dubinsky will continue to lead the ILS …

Willis Towers Watson Names 3 to Senior Posts in Corporate Broking

Insurance broker Willis Towers Watson announced three senior appointments within its Corporate Risk and Broking segment to strengthen its broking platform. These appointments are part of the company’s ongoing investment in its dedicated broking centers, which feature specialized teams using …

Willis Towers Watson Partners with IBM Security to Expand Cybersecurity Services

Willis Towers Watson will begin integrating IBM Security’s suite of services – from security testing and technical assessments to incident response and cyber resiliency services – to help clients assess, protect and recover from cybersecurity threats. According to Willis Towers …