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Willis Towers Watson celebrates double win at InsuranceERM awards

Insurance Consulting and Technology
N/A

February 7, 2019

Willis Towers Watson’s Insurance Consulting and Technology business has won both categories that it entered at the 2019 InsuranceERM Awards.

LONDON, Thursday 7 February 2019 — Willis Towers Watson’s Insurance Consulting and Technology business has won both categories that it entered at the 2019 InsuranceERM Awards: Best Reserving Solution for its industry-leading software ResQ and Best Data solution for its new transformation tool DataValidator.

ResQ is a well-established innovative solution enabling efficient and effective deterministic and stochastic reserving within a strong governance framework.  It was recognised by the judges for its ability to relieve ging pressure on insurers caused by compressed reporting timescales, rising cost pressures and more rigorous governance requirements.

In response to the win, Tina Gwilliam, Global Product Leader for Reserving at Willis Towers Watson, said: “We are delighted to have won this award, reflecting our ability to continue to adapt to changing client needs. As IFRS 17 increases scrutiny of reserving adequacy and reporting, ResQ’s capabilities give insurers confidence in meeting these reporting challenges by improving ease of use, consistency and control, as well as streamlining the reserving process.”

DataValidator received praise from InsuranceERM's judging panel of senior industry experts for its clear and practical benefits, such as the use of a single, cohesive platform across a business that ensures a consistent approach, removing reliance on legacy approaches, and its ability to achieve data quality early in the process to avoid unnecessary rework and manual adjustments.

Mark Bn, Global Product Leader for DataValidator at Willis Towers Watson, said: “It is a fantastic result to be recognised by these awards, reflecting our commitment to providing insurers with practical, next-generation tools needed to face the new challenges presented by an industry in constant change.”

Read our winners’ write ups for ResQ and DataValidator on Insurance ERM.

About Insurance Consultng and Technology

Willis Towers Watson’s Insurance Consulting and Technology business has over 1,200 colleagues operating in 35 markets worldwide. It is a leading provider of advice, solutions and software – primarily to the insurance industry. Its consulting services help clients manage risk and capital, improve business performance and create competitive advantage – by focusing on financial and regulatory reporting, enterprise risk and capital management, M&A and corporate restructuring, products, pricing, business management and strategy.

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has over 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimise benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential.

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