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WTW launches HR AI assistant, Expert
Globenewswire· 2025-02-11 15:26
Core Insights - WTW has launched an AI-enabled assistant named Expert aimed at enhancing HR, compensation, and benefits processes for U.S. midsize businesses [1][3] - Expert utilizes generative AI to provide users with access to a comprehensive database of U.S. federal and state HR, benefits, and insurance legislation [2] - The assistant is designed to save time for HR teams, particularly in midsize companies, by streamlining various tasks [3] Features of Expert - The assistant includes a catalogue of content featuring leading human capital research, trend data, thought leadership, white papers, regulatory briefings, best practices, and case studies [2][5] - Users can access market-leading data on compensation and benefits, along with information on the latest trends and best practices [5] - Expert assists in drafting colleague communications, job descriptions, and employee surveys, and offers a secure library for storing and searching strategy, policy, and benefit plan documents [5] Company Background - WTW provides data-driven, insight-led solutions in the areas of people, risk, and capital, serving clients in 140 countries and markets [4] - The company focuses on helping organizations sharpen their strategy, enhance resilience, motivate their workforce, and maximize performance [4]
UPDATE: WTW debuts new Insurance Pricing and Underwriting Technology to accelerate speed to market in Guidewire PolicyCenter
Globenewswire· 2025-02-06 17:01
Core Insights - WTW has launched a new Rating, Pricing, and Underwriting accelerator for its Radar analytics engine, aimed at enhancing integration with Guidewire's PolicyCenter [1][2] - The Radar engine is designed specifically for the insurance sector, providing real-time analytics and decision-making capabilities for pricing and underwriting [2][3] - The integration is expected to significantly reduce implementation time and costs for clients, allowing for quicker updates to market prices, thus providing a competitive edge [4] Company Overview - WTW is a leading global advisory, broking, and solutions company, serving clients in the insurance industry with a focus on innovative technology and consulting services [1][6] - The company operates in 140 countries and markets, leveraging local expertise to enhance organizational resilience and performance [9][10] - WTW's Insurance Consulting and Technology (ICT) business employs over 1,200 colleagues and focuses on financial and regulatory reporting, risk management, and strategic consulting for the insurance sector [8]
WTW debuts new Insurance Pricing and Underwriting Technology to accelerate speed to market in Guidewire PolicyCenter
Newsfilter· 2025-02-06 13:40
Core Insights - WTW has launched a new accelerator for its Radar rating and analytics engine, specifically designed for integration with Guidewire's PolicyCenter, enhancing operational efficiency for insurance clients [1][2][4] Group 1: Product Features and Benefits - Radar is an end-to-end solution tailored for the insurance sector, providing advanced analytics and real-time decision-making for pricing and underwriting [2][5] - The new Guidewire accelerator allows for faster integration of Radar with PolicyCenter, significantly reducing implementation time and costs for insurers [2][4] - The integration enables insurers to update market pricing in minutes, providing a competitive edge in a rapidly changing market [4] Group 2: Market Demand and Industry Context - There is a growing market demand for innovative insurance solutions, with pricing and underwriting teams facing pressure to deliver new products while adhering to regulatory requirements [3] - Radar has been recognized as a proven solution that supports insurers in navigating the complexities of the current insurance landscape [3] Group 3: Company Overview and Expertise - WTW's Insurance Consulting and Technology (ICT) business employs over 1,200 professionals and focuses on providing advisory services and technology solutions to the insurance industry [6][8] - The company serves a diverse range of clients globally, including leading insurance groups, with over 1,000 client companies utilizing its specialized software [7]
Willis appoints Stephen Kyriacou Head of Litigation and Contingent Risk Solutions in North America
Globenewswire· 2025-02-05 13:00
Core Insights - Willis, a WTW business, has appointed Stephen Kyriacou as Head of Litigation and Contingent Risk Solutions, and Senior Director of Transactional Solutions for North America, focusing on specialized insurance solutions for litigation and contingent risks [1][3] Company Overview - WTW provides data-driven, insight-led solutions in the areas of people, risk, and capital, serving clients in 140 countries and markets [5] Leadership and Expertise - Stephen Kyriacou has over a decade of experience in the legal and insurance industries, previously serving as Managing Director and Senior Lawyer in Aon's Litigation Risk Group, where he structured customized insurance policies for various industries [2][4] - Kyriacou is recognized as a leader in the market, having been named a Risk & Insurance "Power Broker" for three consecutive years from 2022 to 2024 [3] Strategic Focus - At WTW, Kyriacou will expand the firm's litigation and contingent risk solutions practice, focusing on structuring and placing customized risk transfer strategies [3] - His appointment reflects WTW's commitment to providing innovative solutions to help clients manage complex exposures [4]
Willis Towers Watson(WTW) - 2024 Q4 - Earnings Call Presentation
2025-02-05 02:12
WTW Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. Given the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved. Our forward-looking statements sp ...
Willis appoints Mike Giacobbe as Client Strategy Leader, Corporate Risk & Broking, North America
GlobeNewswire News Room· 2025-02-04 17:20
Core Viewpoint - Willis, a WTW business, has appointed Mike Giacobbe as Client Strategy Leader for Corporate Risk & Broking in North America, aiming to enhance client service consistency and leverage consulting capabilities [1][4]. Group 1: Appointment Details - Mike Giacobbe will report to Adam Garrard, Chairman of Global Risk & Broking [1]. - Giacobbe's role will focus on delivering an integrated value proposition across client segments, ensuring tailored service for diverse client needs [2]. Group 2: Background of Mike Giacobbe - Giacobbe previously served as U.S. and Canada Leader of Marsh Advisory, emphasizing consulting, analytics, and claims advisory [3]. - He has held significant positions at JLT and Aon, including Global Head of Data, Analytics & Consulting at JLT and Managing Director at Aon Risk Solutions [3]. Group 3: Strategic Focus - The strategy under Giacobbe will involve maximizing the use of Willis's consulting capabilities and analytics tools, customized for clients of all sizes and industries across North America [2][4]. - Adam Garrard highlighted that this approach will differentiate Willis in the North American market [4].
Willis appoints Mike Giacobbe as Client Strategy Leader, Corporate Risk & Broking, North America
Newsfilter· 2025-02-04 17:20
Core Insights - Willis, a WTW business, has appointed Mike Giacobbe as Client Strategy Leader for Corporate Risk & Broking in North America [1][4] - Giacobbe's role will focus on delivering consistent service across client segments and maximizing the use of consulting capabilities and analytics tools [2][4] Company Overview - WTW provides data-driven, insight-led solutions in the areas of people, risk, and capital, serving 140 countries and markets [5] - The company aims to help organizations sharpen their strategy, enhance resilience, motivate their workforce, and maximize performance [5] Leadership Background - Giacobbe previously held leadership roles at Marsh, JLT, and Aon, focusing on consulting, analytics, and claims advisory capabilities [3] - He holds a doctorate in Nuclear Engineering from the University of Illinois and will join Willis in Q2 2025 [4]
Willis Towers Q4 Earnings Surpass Estimates on Higher Revenues
ZACKS· 2025-02-04 15:55
Willis Towers Watson Public Limited Company (WTW) delivered fourth-quarter 2024 adjusted earnings of $8.13 per share, which beat the Zacks Consensus Estimate by 1.5%. The bottom line increased 9% year over year.See the Zacks Earnings Calendar to stay ahead of market-making news.The quarterly results of WTW were aided by an increase in revenues and expanded operating margins at the Health, Wealth & Career and Risk & Broking segments. Higher adjusted operating income and reduced expenses also added to the ups ...
Willis Towers Watson (WTW) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2025-02-04 15:37
For the quarter ended December 2024, Willis Towers Watson (WTW) reported revenue of $3.04 billion, up 4.2% over the same period last year. EPS came in at $8.13, compared to $7.44 in the year-ago quarter.The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $3.05 billion. With the consensus EPS estimate being $8.01, the EPS surprise was +1.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...
Willis Towers Watson (WTW) Q4 Earnings Beat Estimates
ZACKS· 2025-02-04 13:15
分组1 - Willis Towers Watson (WTW) reported quarterly earnings of $8.13 per share, exceeding the Zacks Consensus Estimate of $8.01 per share, and up from $7.44 per share a year ago, representing an earnings surprise of 1.50% [1] - The company posted revenues of $3.04 billion for the quarter ended December 2024, which was below the Zacks Consensus Estimate by 0.37%, but an increase from $2.91 billion year-over-year [2] - Over the last four quarters, WTW has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] 分组2 - The stock has gained approximately 5.6% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $3.58 on revenues of $2.39 billion, and for the current fiscal year, it is $17.94 on revenues of $10.04 billion [7] - The Zacks Industry Rank for Insurance - Brokerage is currently in the top 28% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]