Willis Towers Watson has joined forces with insurance software provider SSP to optimise real-time pricing and time to market for insurers.
SSP has joined Willis Towers Watson’s Radar Live Collaboration programme, a price delivery platform that allows insurers, MGAs, and intermediaries to develop their rates, rules, and adjustments then deploy them directly to the market in real-time.
“We are delighted that SSP has joined our global Radar Live collaboration programme. With data and advanced analytics as the frontiers of change in the insurance sector, companies must migrate their operations to connected, flexible, and agile systems capable of creating competitive advantage and providing a greater understanding of the business they write,” said Andrew Harley, the director of insurance consulting and technology at Willis Towers Watson.
“SSP’s international success in delivering a flexible open platform for insurers, MGAs, and intermediaries will mean this collaboration will drive significant value to our mutual customers across the world.”
SSP claims to be the first software vendor in the UK to connect its rating, pricing, and data enrichment module SSP Intelligent Quotes to WTW Radar Live to support customers further.
“Our SSP insurance platform is a cloud-native platform comprising a single suite of modules and components which support our broking, MGA, and insurer customers globally,” said Adrian Coupland, the managing director of customer and marketing at SSP.
“As an open platform, we provide APIs or ‘connections’ to a wider ecosystem so that our customers benefit from a ‘best of breed’ approach.”
