Many insurance organizations recognize that their reserving functions could greatly enhance overall business value but often face difficulties in achieving this. By investing in changing the underlying process, you can transform it into a powerful tool that drives business progress, generating valuable insights into data, trends, and performance.
Reserve process transformation
Train
Custom Training will upskill your team and help onboard new hires. Training programs delivered by WTW reserving experts can address topics from day-to-day use to advanced topics like Machine Led Reserving or stochastic analysis, tailored to your data.
Assess
ResQ health-checks focus on your ResQ project and provide an expert assessment of the state of your analysis. Our scorecard is summarized into an action plan for getting your ResQ projects – and your reserving process – in optimal shape.
Reserve process assessments take a broader view of your reserving process from soup-to-nuts. We consider all aspects of reserving excellence from the data and human assets available, through to interactions with stakeholders and other functions.
Transform
ResQ tune-up services go beyond our health-check solution and provide an expert technician to help implement immediate improvements. They will focus exclusively on your ResQ project: cleaning up the clutter, remediating small annoyances and generally making sure that your ResQ project is shipshape and ready for your year-end analysis.
Reserve process transformation services unleash the full power of our expertise and our technology to help your team build an efficient, well-governed process that delivers insights and value to the business. Our team will commit experts throughout the design, build and deployment phases, and be on hand to advise and train on best-practice reserving using cutting-edge techniques.
ResQ demonstration
If you’re concerned about the impact of mistakes in your reserving process, the time it takes to deploy new methods, or just want to get reserving done more quickly and have more diagnostic tools to explain your estimates, contact us for a free demonstration of our market-leading reserving tool, ResQ.
