Re/insurance broker Willis Towers Watson (WTW) and software provider CodeEast have announced a global partnership offering a new digital transformation solution for insurance companies and MGAs.
Combining WTW’s Radar Live with CodeEast’s ONEview digital insurance platform, the solutions is designed to maximise profit margins and reduce operational costs using product distribution technology.
CodeEast’s ONEview Digital Insurance Platform uses digital technology to automate complex processes involved in the sales, administration and distribution of insurance products.
The combination with Radar Live, will enable ONEview to call Radar Live for real-time pricing requests from models developed in the wider Radar pricing suite.
“We are delighted to announce that CodeEast is a global partner within Willis Towers Watson’s Radar Live partner programme,” said Andrew Harley, Senior Director, Insurance Consulting and Technology at Willis Towers Watson.
“We are very confident the combination of the ONEview and Radar Live systems will help expedite the important journey our respective clients may have towards digital excellence”.
Aidan Brogan, Chief Commercial Officer of CodeEast, also commented: “We are excited to sign a global partnership with Willis Towers Watson. CodeEast has customers in the USA, UK and Ireland, and we look forward to expanding our market presence with this partnership. The fundamentals of the insurance industry remain the same: assess risk and present a premium to cover that risk.”
“The challenge for insurance companies is to compete in this new world of high staff costs, distribution overheads and ever-growing volumes of data needed to assess risk. Ultimately, this partnership is about giving insurance companies the best digital tools and services to win in this fast changing world.”