Reinsurance News
11th December 2018
Willis Towers Watson has announced the launch of the latest version of its Radar software, a platform of products for property and casualty (P&C) insurer pricing teams, including actuaries and underwriters. WTW says Radar 4.2 gives insurers a future-proofed solution designed to achieve agile, sophisticated pricing, and a new level of ... Read the full article
11th December 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced the appointments of Tom Rowley as Senior Vice President (SVP) for North American Property and Matt Harvey as SVP for International Property. Both appointments will sit within the Property & Casualty (P&C) Centre of Excellence (CoE), which is responsible for ... Read the full article
29th November 2018
Global re/insurance broker Willis Towers Watson is to launch new software in early 2019 aimed at helping businesses implement IFRS17, one of the most significant and complex changes to insurance accounting requirements in over 20 years. When launched, ResQ Financial Reporter will provide insurers with a framework to generate financial statements ... Read the full article
28th November 2018
Oasis Loss Modelling Framework (Oasis LMF) is to develop a new open-access catastrophe model for flood in the Philippines in collaboration with the National Reinsurance Corporation of the Philippines (Nat Re) and re/insurance broker Willis Towers Watson (WTW). The two-year project, called the ‘Oasis Platform for Catastrophe and Climate Change Risk ... Read the full article
23rd November 2018
Price increases in the downstream energy re/insurance sector are now inevitable after years of unprofitable returns and major losses, according to re/insurance broker Willis Towers Watson (WTW). The November 2018 edition of the firm’s Energy Market Review noted that 2017 was the second worst underwriting year on record for the sector ... Read the full article
22nd November 2018
The upstream energy re/insurance sector looks set to continue its profitable trend in 2018, although insurers are reluctant to implement any further rate reductions as this fragile dynamic could be reversed by only a modest upturn in claims, according to re/insurance broker Willis Towers Watson (WTW). The November 2018 edition of ... Read the full article
20th November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) has expanded its analytics and digital transformation team with the appointment of Iain Whittingham as a Senior Director in the company’s Insurance Consulting and Technology business. Whittingham joins WTW from FTI Consulting, where he most recently served as Managing Director for Global ... Read the full article
19th November 2018
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has announced the launch of a new innovative cyber solution for airports, called CyFly for Airports. The constantly evolving and growing cyber threat has seen cyber and digital risks become a top concern for the airports of today. In response, WTW has ... Read the full article
16th November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) is targeting market growth in Kazakhstan with the launch of a new operation to serve clients in the country. The broker had previously operated in Kazakhstan through a smaller representative office, but recent regulatory approval now allows it to conduct insurance and ... Read the full article
15th November 2018
Global insurance and reinsurance broker Willis Towers Watson welcomes this week’s decision by the International Accounting Standards Board (IASB) to introduce a one-year deferral of the mandatory effective date for the International Financial Reporting Standards (IFRS17) to 1 January 2022. The new accounting standard had originally been planned for 1 ... Read the full article
15th November 2018
Global re/insurance broker Willis Towers Watson has announced the launch of Claim Metrics, a bespoke claims benchmarking solution for UK personal lines insurers. WTW says the service provides claims leaders with a tool for identifying performance improvements, as well as offering underwriters, pricing teams, actuaries and senior management vital insights into profitability ... Read the full article
12th November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) is supplying the latest version of its Radar pricing software to Ticker, a new telematics insurer due to launch in early 2019. WTW said that its Radar Live and Radar Base solutions will enable Ticker to deliver more accurate decisions in pricing ... Read the full article
2nd November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) has reported its results for the third-quarter of 2018, which includes an increase in net income of $139 million and organic revenue growth of 5%. Reported revenue increased 3% to $1.9 billion when compared with the same period in 2017, and net ... Read the full article
2nd November 2018
Global insurance and reinsurance broker Willis Towers Watson has hired Adrian Willmott, formerly of Marsh, as Sales Leader of its Corporate Risk & Broking GB Retail business. Willmott will ... Read the full article
1st November 2018
LifeSight, Willis Towers Watson’s (WTW) UK defined contribution (DC) master trust, has outlined a new Environmental, Social & Governance (ESG) investment strategy, which will see it allocate around half of the Equity investments within the default fund to ESG issues by Q4 2018. WTW said that this is the first master ... Read the full article
