WTW debuts new Insurance Pricing and Underwriting Technology to accelerate speed to market in Guidewire PolicyCenter

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]