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Zurich to deploy WTW Radar software globally for insurance pricing
WTW has entered into a global agreement with Zurich Insurance Company to deploy its Radar rating and analytics software across Zurich’s target retail markets worldwide. This deal significantly expands a previous arrangement between the two companies that was limited to specific country-level integrations.
The Radar platform utilizes advanced analytics and insurance-focused artificial intelligence to enhance pricing sophistication, risk selection, portfolio management, and underwriting decisions. By integrating pricing, underwriting, and claims into a single platform, the technology aims to improve long-term profitability and operational agility.
Zurich officials noted that the centralized technological infrastructure of the Radar platform allows for easier scaling, while WTW representatives emphasized that such technology is becoming a core component of sustainable growth strategies in the competitive insurance sector.