
WTW launches AI tool radar vision for insurers
It aims to improve underwriting profitability and reduce costs.
WTW launched Radar Vision, an AI-driven performance monitoring tool designed for insurers.
The new tool enhances WTW’s existing Radar insurance rating solution by using AI to generate early insights on inflation, competitor activity, claims, and customer behaviour.
WTW said insurers using Radar Vision can improve underwriting profitability, identify growth opportunities, and reduce costs.
Pardeep Bassi, Global Proposition leader for Data Science at WTW, said Radar Vision helps insurers manage complex predictive models by delivering faster insights that drive business performance.
The tool automates manual processes and applies AI to assess real-time data, allowing insurers to quickly identify deviations from expected performance and respond to emerging risks and opportunities.