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Radar Live, from WTW's award-winning Radar suite, enables pricing and rules to be deployed directly to a rating system and calculated in real-time. It facilitates the deployment of a wide range of rating structures, built from an analytics environment that has been developed specifically for the insurance sector.

Key Features

• Simple to complex rating structures and, optionally, price optimization.

• Delivery of prices, underwriting rules, defaults, endorsements, management information.

• Delivery of quotations in milliseconds and ability to scale to hundreds of millions of quotes a day.

• Ability to store and rate using multiple rating sets.

• Supports multiple and parallel pricing strategies, including champion/challenger, A/B testing, and price testing.

• Provides governed, auditable deployment processes.

• Uses standard technologies for ease of installation and maintenance.

• Allows connectivity for direct, intermediated, and affinity sales.

• Supports SOAP and RESTful Web services running in Linux and Windows environments.

• SaaS offering in Microsoft Azure.

Key Benefits

• Highly flexible framework facilitates simple and highly complex pricing methodologies.
• Pricing agility, underpinned by a rapid but governed rate change process, across both personal, commercial, and life products.
• Rapid speed to market.
• Rapid reaction to market developments with significantly shorter decision-to-deployment cycle times.
• Great accuracy of rate deployment, removing key compliance risk.
• Significant benefits to operational efficiency.
• Delivers consistent pricing and underwriting rules across multiple channels.
• Provides the protection of robust audit and governance controls.
• System scalability that can cope with hundreds of millions of quotes per year.