Willis Towers Watson had added insurance software house RDT to its global Radar Live Collaboration programme.
The programme aims to facilitate faster integrations with Radar Life platforms through an ecosystem of leading insurance software houses.
Radar Life supports a range of outputs to be deployed in real time at the point of quote for pricing and underwriting. The price delivery platform offers better pricing flexibility and responsiveness to market developments. In addition, it adds material operational efficiencies and reduces the risk of costly rate implementation errors.
RDT’s Atlas platform provides insurers with control and flexibility over products and also the ability to make real-time changes. Furthermore, it allows insurers to enhance their proposition as much is needed and processes more than 50 million quotes a day.
According to the firms, integrating the two systems will let users take advantage of both systems. Radar Live will generate rates that are instantly available on the Atlas platform. It will also be accessible to all relevant users within an insurance business.
Joe O’Connor, sales and marketing director at RDT, said: “At RDT we are always striving to help our customers innovate and react to market pressures as rapidly as possible. The collaboration with Radar Live is fully aligned with this vision, and falls beautifully into our programme of integration to key, high quality, high value technology partners to build end-to-end ecosystems for our clients.”
“We are delighted to be working with RDT and this collaboration will help to ensure our clients achieve the significant value that comes from a combined integration of Radar Live and Atlas, including improved speed to market and best practice implementation,” added Andrew Harley, director at Willis Towers Watson. “Leveraging Radar Live together with the RDT platform has already proved successful in the UK market, including for a large UK MGA client.”