Broker Willis Towers Watson (WTW) has announced it will partner with insurance software provider SSP to optimise real-time pricing and time to market for insurance companies.
SSP will join WTW’s global Radar Live collaborator program, improving its ability to derive insights from various data sources and to deploy machine learning models from a single platform.
The program will also allow SSP customers to benefit from the faster implementations of Radar Live.
is set to transform SSP’s ecosystem of policy and claims administration vendors, delivering a faster integration of Radar Live, the price delivery platform.
“We are delighted that SSP has joined our global Radar Live collaboration programme,” said Andrew Harley, Director, Insurance Consulting and Technology at WTW.
“With data and advanced analytics as the frontiers of change in the insurance sector, companies must migrate their operations to connected, flexible and agile systems capable of creating competitive advantage and providing a greater understanding of the business they write,” Harley continued.
“SSP’s international success in delivering a flexible open platform for insurers, MGAs and intermediaries will mean this collaboration will drive significant value to our mutual customers across the world.”
Adrian Coupland, Managing Director, Customer and Marketing at SSP, also commented: “Our SSP Insurance Platform is a cloud native platform comprising a single suite of modules and components which support our Broking, MGA and Insurer customers globally.”
“As an open platform, we provide APIs or ‘connections’ to a wider ecosystem so that our customers benefit from a “best of breed” approach. SSP was the first software vendor in the UK to connect its multi-award winning rating, pricing and data enrichment module SSP Intelligent Quotes to WTW Radar Live for the benefit of our mutual customers.”