Willis Towers Watson News

Willis: COVID-19 Losses Offset by Reduced Claims for Auto Lines

If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole may be pretty much a wash. If not, the industry may be on the verge of an historic catastrophe. A …

KKR-Led Funding Round Gives $100 Million to Startup Policygenius

Online insurance startup Policygenius raised $100 million from investors including KKR & Co. and venture capital operations backed by Axa SA, Massachusetts Mutual Life Insurance Co. and Transamerica. The company has annual revenue of $60 million, which is 10 times …

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 …