Re/insurance broker Willis Towers Watson (WTW) has announced that insurance software house RDT has become the latest vendor to join its Radar Live Collaboration program.
The program was developed to facilitate faster integrations with WTW’s Radar Live rating and rules solution through an ecosystem of insurtech software firms.
WTW explained that the integration of RDT’s Atlas and the Radar Live platforms is expected to improve the real-time pricing and speed to market for insurers and intermediaries.
The Atlas platform allows insurers to make real-time changes to products, and provides data management and reporting capabilities that regularly process more than 50 million quotes a day.
Integrating the two systems will allow users to take advantage of both Atlas and Radar Live, for frequent rate adjustments and the ability to build more complex tariffs, the two companies said.
To help deliver these benefits, both companies will also be building a connector that clients can utilise for rapid systems integration.
“We are delighted to be working with RDT and this collaboration will help to ensure our clients achieve the significant value that comes from a combined integration of Radar Live and Atlas, including improved speed to market and best practice implementation,” said Andrew Harley, Director at Willis Towers Watson.
“Leveraging Radar Live together with the RDT platform has already proved successful in the UK market, including for a large UK MGA client,” he added.
Joe O’Connor, Sales and Marketing Director at RDT, also commented: “At RDT we are always striving to help our customers innovate and react to market pressures as rapidly as possible.”
He continued: “The collaboration with Radar Live is fully aligned with this vision, and falls beautifully into our program of integration to key, high quality, high value technology partners to build end-to-end ecosystems for our clients.”