Willis Towers Watson announced that Vizyoneks is the latest insurance software provider to join its global Radar Live partner programme. Vizyoneks brings extensive knowledge of Turkey’s insurance market needs to Willis Towers Watson’s ecosystem of leading insurance software houses and system integrators.
In Turkey’s highly competitive market, insurers and intermediaries need the functionality for rapid speed to market, accuracy of rate development and significant operational efficiency. Radar Live’s technology delivers these results, equipping insurers with system scalability that has the stability to support hundreds of millions of quotes per year. The software allows prices, rules and adjustments to be easily developed and deployed directly to a rating system, calculated in real time.
Vizyoneks, a leading software provider in the Turkish insurance market, has extensive expertise in developing successful, integrated solutions for some of the leading financial services companies operating in the region. This collaboration with Radar Live will enable insurers to benefit from powerful, accessible, and well-managed predictive modelling and machine learning software.
Öykü Şahverdi, Information Technologies R&D and Regulation Leader, Vizyoneks, said: “Combining Radar Live with our Modular Vizyoneks insurance package, which has rich business features and is integrated end-to-end by a wide reference list, provides the opportunity to produce an integrated solution for our customers’ data analytics and pricing needs.”
Willis Towers Watson’s Radar pricing technology ensures risk factors and customer characteristics that influence damage costs and customer behaviour are examined with greater depth and accuracy, significantly strengthening insurers’ product offerings.
Özay Yarkın, Country Leader, Insurance Consulting and Technology Turkey, Willis Towers Watson, said: “We are delighted that Vizyoneks is joining our global Radar Live programme. This collaboration will further enhance our combined offerings in the industry by providing Vizyoneks customers with easy access to Radar’s highly sophisticated price optimisation tool and a connected, flexible and agile system capable of creating competitive advantage and a greater understanding of the business they write.”