Software developer ICE InsureTech has joined Willis Towers Watson’s global Radar Live Collaboration programme.
The programme is a pricing delivery software which enables a range of analytics to be leveraged in real-time at the point of quote to better assess risks. Its technology allows prices, rules and adjustments be easily deployed directly within a rating system and calculated in real-time.
With the partnership, ICE InsureTech customers can now implement the Radar Live technology to improve their rating capabilities.
ICE InsureTech CEO Andrew Passfield said, “Our collaboration with Willis Towers Watson will help our clients to stay innovative in a competitive industry. Integrating Radar Live will provide ICE customers with exceptional efficiency and flexibility to have a competitive edge in a changing marketplace.”
The UK-based InsurTech platform offers a suite of InsurTech software solutions for policy, claims, analytics, rating and billing.
InsurTech companies in the UK and Germany have dominated the sector’s investment activity in Europe since 2014. Combined, the countries represent over 58% of the 315 InsurTech investment deals in the region during this period.
