The second annual InsuranceERM Americas Awards recognized Willis Towers Watson’s ResQ for Actuarial Modeling Solution of the Year, Radar Live for Analytics Solution of the Year and Parametric Earthquake Reinsurance Solution for Risk Consultancy of the Year.
“We’re extremely honored that InsuranceERM has recognized our insurance technology solutions as best in class,” said Serhat Guven, managing director, Insurance Consulting and Technology, Willis Towers Watson. “In today’s rapidly changing insurance market, companies need to embrace innovation and transformation while employing forward-looking strategies to succeed. These awards demonstrate our commitment to transformative solutions that address the needs of the industry and, most importantly, add value to our clients, which in turn benefit their clients and customers.”
The InsuranceERM.com technology awards recognized providers helping the industry achieve their goals. ResQ is a loss reserving system for insurance and reinsurance combining powerful modeling and reserving methods that structure, access and manage data sets. Radar Live enables prices, rules, adjustments, scores and other metrics to be deployed directly to a rating system and calculated in real time.
The Risk Consultancy of the Year award recognized the company’s Parametric Earthquake Reinsurance Solution as a successful enterprise risk management project. The solution was designed as an earthquake model for Morocco to improve resilience for the people, government and economy of this underserved North African country.
The InsuranceERM judging panel consisted of industry professionals with deep experience of risk and capital management who were chosen for their knowledge and objectivity
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