Willis Towers Watson News

Roost Gathering Data as it Awaits Insurance Industry Transformation

For years, insurance industry observers have been predicting that home telematics products would transform the insurance industry by forcing carriers to take on the role of damage preventer instead of just claims payer. Insurers are still experimenting. But one company …

Aon Quits Pursuit of Willis Towers Watson Merger

Aon Plc said it’s no longer pursuing a combination with rival insurance brokerage Willis Towers Watson Plc, a day after confirming that it was considering a tie-up. The company said on Tuesday that it was in the early stages of …

Aon Weighing Bid to Buy Willis Towers Watson

Aon Plc is considering an offer to buy rival insurance brokerage Willis Towers Watson Plc, according to people familiar with the matter, in what could be the industry’s largest ever merger. Bloomberg reported that Aon is preparing to submit a …

Business News: NICB/Shift Technology, Pie Insurance, Willis Towers Watson

Shift Technology and NICB Partner to Offer Insurers an Edge in Detecting, Combating Fraud Shift Technology, a solution provider with a focus on enabling insurance organizations to successfully tackle the ongoing and growing claims fraud challenge, and the National Insurance …

People News: Westfield, Zurich, Willis Towers Watson

Westfield Invests in Small Business, Names Robyn Hahn President, Small Business Bridging expertise from senior leadership roles at national and international insurance carriers with time as an independent insurance agent and small business owner, Robyn Hahn is assuming the role …

Industry Expected to Withstand Insured Losses From Florence

Changes in the path and intensity of Hurricane Florence are keeping forecasters, government officials and insurers on their toes. An update by AIR Worldwide yesterday indicated that storm surge heights of 9-13 feet could be expected. “Florence’s slow motion just …

Business News: Mitchell, Willis Towers Watson, GlobalPro Recovery

Mitchell Announces Strategic Integration Agreement With AirPro Diagnostics Mitchell International, Inc., a technology, connectivity and information provider to the property/casualty claims and collision repair industries, announced a strategic integration and joint marketing agreement with AirPro Diagnostics, LLC. to integrate AirPro’s …

Commercial Insurance Prices in U.S. Increase for First Time in 3 Years

Commercial insurance prices in the U.S. increased modestly in the first quarter of 2018, according to leading global advisory, broking and solutions company Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies written …

Survey: Claims, Customer Service and Underwriting Main Focus of Insurer Data Analytics

Three frontrunners lead US property & casualty (P&C) insurers’ priorities for data and advanced analytics: customer experience; claims management; and telematics data for pricing, customer selection and product design. This finding, and the growing range of data sources that insurers …

Business News: AIG, Willis Towers Watson, Betterview

AIG Introduces Blackboard, New Brand for Data Enabled, Digital Subsidiary American International Group, Inc. introduced Blackboard, the new brand name and logo for its technology-focused subsidiary, formerly operating under the Hamilton USA brand. AIG completed the acquisition of Hamilton USA …