Built with the latest technology, Radar continues the evolution of Willis Towers Watson's market-leading software products. Many of the world's leading insurers use these products to develop and refine pricing strategies, improve competitive positioning and maximise profit and market share.
What Radar can do for you
- Provide flexible management information
- Enable informed pricing strategy development underpinned by robust analysis of alternatives
- Model the impact of potential pricing decisions on volume, profitability and other performance metrics
- Highlight weaknesses and cross-subsidies in current pricing structures
- Reduce the risk of pricing anti-selection
- Allow sophisticated competitor monitoring and analysis
- Enable sophisticated demand-based price modeling founded on real world, practical business constraints
- Support real-time decision making
- Align the pricing and marketing functions through common value metrics and behavioral models
- Deliver data and graphic-rich management information that is fully customisable
Radar products
Radar Base provides powerful management information that you can use to develop business plans and summarise results of risk modelling and competitor analysis. With Radar Base, you can test the effectiveness of new prices through scenario modelling, extracting maximum value from your predictive models to help make successful business decisions. And it can provide detailed rate-setting models for individual insurance products.
Radar Dashboard allows the interactive reports built in Radar Base to be easily used across an organisation. These reports include the full interactivity and analysis available within the Radar Base reporting environment.
Radar Optimiser extends Radar Base functionality with sophisticated price optimisation capabilities.
Radar Live is a sophisticated rating and rules engine that works in partnership with traditional policy administration systems. It allows prices and rules developed in Radar Base to be deployed directly to a rating system and calculated in real-time.
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| Title | File Type | File Size |
|---|---|---|
| Willis Towers Watson Pricing Software: Delivering effective pricing | 4.1 MB |
