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WTW, a global advisory, broking and solutions company, has announced the launch of Radar AI Assistant, a new natural language capability within Radar Vision designed to strengthen insurance portfolio management and provide faster insights.
Radar AI Assistant enables pricing, underwriting, claims and portfolio management teams to identify emerging issues and uncover hidden patterns within their data, providing real-time, actionable insights to support decision-making. It also explains the likely drivers behind these insights and feeds them directly into recommended pricing and underwriting actions.
To develop the AI assistant, WTW leveraged the expertise and specialist insurance judgement of its consulting team and embedded this into the capability.
This differentiates it from generic AI tools, enabling it to deliver comprehensive, accurate and actionable insights to support real-world insurance decision-making.
Pardeep Bassi, Global Proposition Leader in Data Science, Insurance Consulting and Technology, WTW, said, “A single emerging risk signal may be too weak to justify action. Radar AI Assistant, guided by insurance expertise, can consolidate multiple early indicators into a clearer, more credible view that supports confident action ahead of competitors reliant on isolated signals.
“Radar AI Assistant puts this capability directly into the hands of underwriters and portfolio managers without the need for new tools or additional reports, helping insurers turn monitoring into a source of competitive advantage.”
The post WTW launches Radar AI Assistant for insurance portfolio management appeared first on ReinsuranceNe.ws.
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