The two companies will work to provide insurers with comprehensive support and a streamlined implementation process of policy administration and pricing tools.
LONDON, January 26, 2021 — Willis Towers Watson has today announced that Sollers Consulting is to become the latest organisation to join its Radar Live Collaboration programme. The programme has been developed to facilitate faster Radar Live integrations through the development of close relationships with a range of leading insurance software houses and system integrators.
In today’s intensely competitive marketplace, insurers, MGAs and intermediaries need the ability to deploy their rates rapidly to market, to ensure the accuracy of those rates and the efficiency of their operations. Radar Live’s technology delivers these outcomes, equipping users with system scalability and stability to support the provision of hundreds of millions of quotes per year. Radar Live allows rates, rules and adjustments to be easily developed and deployed directly to a rating system and executed in real time.
Sollers, in their ongoing efforts to improve support for insurers operating in highly competitive markets, identifies membership of the Radar Live Collaboration programme as a key opportunity to help clients benefit from a leading rating and decision engine capability. Sollers adds its market-leading and insurance-focused systems integration expertise to the Radar Live Collaboration programme, with extensive experience of a wide range of major policy administration system providers.
“This collaboration will help to ensure our clients achieve the significant value that comes from Radar Live quickly and robustly,”
Andrew Harley,
Director at Willis Towers Watson
Grzegorz Podleśny, Partner at Sollers Consulting, said: “Having already worked closely with Willis Towers Watson in successfully implementing Radar Live for a South American insurer, we look forward to further leveraging Willis Towers Watson’s skill set, industry expertise and analytical capabilities. Our collaboration with Willis Towers Watson will help our clients to stay innovative in a competitive industry.”
Andrew Harley, Senior Director, Insurance Consulting and Technology, Willis Towers Watson, said: “We are delighted to be working with Sollers, building on our previous experience of successfully working with them during Radar Live integration projects. This collaboration will help to ensure our clients achieve the significant value that comes from Radar Live quickly and robustly.”
Sollers Consulting is an international business advisory and software implementation expert. Established in 2000, the company supports insurers, banks, and leasing firms in business transformations and adapting to new technologies. Over the last 20 years Sollers has helped 80 financial groups, including Allianz, AXA, LV=, BNP Paribas Cardif, Basler, Generali, Zurich, Santander Consumer Bank, and ING to enhance their digital capabilities.
Sollers’ expanding portfolio includes RIFE, a digital platform addressing the needs of the insurance industry, as well as a number of services and products ensuring digital interaction, efficient automated processes and a profitable growth. The innovative drive of the company was recognised by DIA and FintechGlobal by including Sollers Consulting in their 100 InsurTech and InsurTech100 lists, respectively.
Sollers Consulting cooperates with more than 15 technology providers such as Guidewire Software, Tia Technology, Fadata, Oracle, AWS, and Microsoft. About 640 business and IT specialists from Warsaw, Lublin, Poznan, Gdansk, Cologne, Tokyo, and Paris are helping financial institutions in Germany, Great Britain, Poland, Scandinavia, France, Japan and many other countries in the world, to reap the benefits of digitalisation. For more information please visit www.sollers.eu.
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.
