Willis Towers Watson’s Insurance Consulting and Technology business releases MuleSoft Certified Connector for Radar Live.
LONDON, 21 September, 2020 — Willis Towers Watson today announced that its Insurance Consulting and Technology business has joined the Mulesoft Technology Partner Programme. This collaboration will allow MuleSoft insurance clients to accelerate the adoption of Radar Live, Willis Towers Watson’s market leading real-time rating solution and decision engine.
Willis Towers Watson has also contributed to MuleSoft’s partner ecosystem by releasing a MuleSoft Certified Connector for Radar Live. The Radar Live connector enables organisations to quickly and easily integrate Willis Towers Watson’s point-of-quote insurance rating and decision engine with data from any system – no matter where it resides – and will be available in MuleSoft’s Anypoint Exchange for all Anypoint Platform users to access.
MuleSoft is also the latest vendor to join Willis Towers Watson’s global Radar Live Collaboration programme. The programme has been developed to facilitate faster integrations with Radar Live through an ecosystem of leading insurance software houses.
New data sources and the accessibility of machine learning algorithms have raised the bar for expected analytics performance and the level of sophistication in automated decision-making. At the same time, consumers’ demand for online and mobile insurance quotes, to compare and contrast multiple quotes, and their expectation of fast claims settlements have driven the need for real-time pricing and decision making.
“Insurers can quickly gain a deep understanding of pricing, underwriting and claims dynamics while reducing exposure to risk.”
Andrew Harley
Director at Willis Towers Watson
Andrew Harley, Senior Director, Insurance Consulting and Technology, Willis Towers Watson, said: “Radar Live allows insurers to meet these demands head on. Insurers can quickly gain a deep understanding of pricing, underwriting and claims dynamics while reducing exposure to risk and rapidly deploy simple rules-based models, or advance machine learning algorithms, through a well-governed and managed process.”
Brian Miller, senior vice president of business development, MuleSoft, said: “Digital transformation has universally become a strategic imperative for businesses and integration challenges are often what holds the majority of them back. Technology partner integrations with MuleSoft’s Anypoint Platform simplify connectivity, empower organisations to unlock business capabilities and build a resulting application network. This partnership will further enable our mutual customers to realise speed, agility and innovation at scale by eliminating time spent on complicated integration projects.”
MuleSoft’s Anypoint Platform™ is the world’s #1 integration and API platform. It uniquely allows organisations to use API-led connectivity to unlock their data, empower their business with productised APIs, and create connected experiences, faster. Anypoint Platform is the only solution that offers a single, unified platform for iPaaS and full lifecycle API management, both on-premises and in the cloud.
Radar Live is point-of-sale insurance rating software that builds on, and completely integrates with, Willis Towers Watson’s analytical software Emblem, Classifier, Radar Base and Radar Optimiser. It harnesses the analysis of this software by directly using insurance pricing models developed by analysts and replicating their results exactly in a calculation engine that interfaces with existing IT administration systems. Click here for more information about Radar Live.
Willis Towers Watson’s Insurance Consulting and Technology business has over 1,200 colleagues operating in 35 markets worldwide. It is a leading provider of advice, solutions and software – primarily to the insurance industry. Its consulting services help clients manage risk and capital, improve business performance and create competitive advantage – by focusing on financial and regulatory reporting, enterprise risk and capital management, M&A and corporate restructuring, products, pricing, business management and strategy.
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving in more than 140 countries and markets. We design and deliver solutions that manage risk, optimise benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential.
