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Willis Towers Watson

Willis Towers Watson’s Asia Pacific practice secures accreditation

6th June 2018

Global re/insurance broker Willis Towers Watson (WTW) has secured accreditation under the Quality Assurance Scheme (QAS) by the Institute and Faculty of Actuaries (IFoA) for its Insurance Consulting and Technology (ICT) business in Hong Kong, Singapore, Malaysia and Indonesia. Accreditation by the IFoA bolsters ICT’s reputation and ensures the company provides ... Read the full article

Willis praises revolutionary Insurwave blockchain platform

5th June 2018

Insurance and reinsurance broker Willis Towers Watson has described the recently launched Insurwave, a blockchain platform to support marine hull insurance, as a "game changer", urging carriers and brokers to adopt the technology. In May 2018, EY, Guardtime, A.P. Møller-Maersk, Microsoft, Willis Towers Watson, XL Catlin, MS Amlin and ACORD announced that members of ... Read the full article

Willis Towers Watson the majority investor in insurtech Innovisk Capital Partners

1st June 2018

Innovisk Capital Partners, a new global InsurTech start-up that aims to address both the current and future fundamental changes in the insurance sector has been established, with insurance and reinsurance broker Willis Towers Watson as the majority investor. The new InsurTech partnership has been launched with technology, data and modelling core ... Read the full article

Willis Towers Watson names head of Consulting and Technology for Asia Pacific

30th May 2018

Willis Towers Watson has named Ken Brown as Leader of its Insurance Consulting and Technology (ICT) business in Asia Pacific, and has appointed Oi San Choo to replace Brown as Divisional Leader for ICT South Asia and Emerging Markets. Both will be based in Singapore. Brown has over 30 years’ industry ... Read the full article

InsurTech investment deals reach record high: Willis Towers Watson

23rd May 2018

InsurTech investments have continued to grow, with a record-breaking 66 investment deals worth a total of $724 million recorded during the first quarter of 2018, according to the latest quarterly report from re/insurance broker Willis Towers Watson and CB Insights. Q1 2018 investment volume was only 16% greater than the $624 ... Read the full article

Fred Abbott appointed to lead Willis Tower Watson’s Northern California market

22nd May 2018

Global advisory, broking and solutions company Willis Towers Watson (WTW) has announced the appointment of Fred Abbott as their new Market Leader for Northern California. Abbott has held several geography and business segment leadership roles in the U.S. and Canada during his Willis Towers Watson career. Most recently he led the ... Read the full article

Global insurance broker Willis Tower Watson granted full license in China

15th May 2018

First-of-its-kind deal provides Willis Tower Watson (WTW) with the same license as domestic brokers. China’s Banking Insurance Regulatory Commission (CBIRC) has approved leading global advisory, broking and solutions company WTW to become the first foreign broker to be allowed a full license over all insurance business within ... Read the full article

WTW adds machine learning to updated Radar 4.0 pricing tool

14th May 2018

Willis Towers Watson has launched a new version of its Radar pricing software, a product pricing and portfolio management decision tool for re/insurance companies. Radar 4.0 will for the first time utilise a machine learning technique to allow users to build Gradient Boosting Machines (GBMs), and will support the development of ... Read the full article

U.S P&C re/insurers striving to better harness data: Willis Towers Watson

14th May 2018

Willis Towers Watson has reported that harnessing advanced analytics and emerging data sources is becoming an increasingly vital concern for leading U.S Property and Casualty (P&C) re/insurers. In a recent survey, Willis questioned 51 U.S P&C re/insurers, finding that customer experience, claims management, telematics data for pricing, and customer selection and ... Read the full article

Willis integrates capital markets offering into reinsurance business

4th May 2018

Global advisory, broking and solutions company Willis Towers Watson has announced that it plans to integrate its capital markets offering into Willis Re, the reinsurance arm of the firm. The Insurance-Linked Securities (ILS) operation was previously part of the Willis Towers Watson Securities business unit. William Dubinsky will continue to lead the ... Read the full article

Willis appoints LeBoeuf as Senior Director of Americas Life practice

27th April 2018

Willis Towers Watson, a global advisory, broking and solutions company, has appointed Michael LeBoeuf as Senior Director in its Americas Life practice. LeBoeuf has spent more than 30 years in the life re/insurance industry and joins Willis from Prudential Financial, where he served as Chief Actuary of Individual Life Insurance. He will ... Read the full article

Willis Towers Watson appoints heads of North America broking teams

25th April 2018

Willis Towers Watson, a global re/insurance advisory, broking and solutions company, has appointed Jim O’Connor as head of Specialties Broking, Jon Drummond as head of Casualty Broking, and Amelia Valz as head of Construction Professional Liability Broking, all for North America. These appointments are part of Willis Towers Watson’s ongoing investment ... Read the full article

Willis Towers Watson partners with IBM Security on cyber services

17th April 2018

Willis Towers Watson has announced that it plans to enhance its global cybersecurity risk advisory services by integrating IBM Security’s suite of cyber features. Insurance and reinsurance broker Willis believes the collaboration will allow its clients to more holistically assess cyber threats, which will facilitate more effective risk transfer and overall ... Read the full article

Commercial property rate increases ease following sharp rises: Willis

16th April 2018

Insurance and reinsurance broker Willis Towers Watson has reported that rate increases for commercial property re/insurance are easing after sharp rises in response to 2017’s record-breaking natural catastrophe losses, although it predicts that buyers will continue to face upward pricing pressure over 2018. In its 2018 Insurance Marketplace Realities report, the ... Read the full article

Asian InsurTech M&A tripled in 2017: Willis Towers Watson

10th April 2018

Global re/insurance broker Willis Towers Watson has reported that the total transaction volume of InsurTech mergers and acquisitions (M&As) in Asia hit US $460 million over 2017, a figure over three times greater than the one recorded over 2016. In its fourth Quarterly InsurTech Briefing, Willis Towers Watson attributed the surge ... Read the full article

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