Towers Watson News
Financial Strength is Top Driver of Capital Use for P/C CFOs: Towers Watson
North American property/casualty insurance chief financial officers make capital spending decisions based primarily on financial strength as they confront new technology, other competitive demands ...
P/C Insurers Expanding Predictive Modeling, Usage-Based Offerings
Property /casualty insurance executives believe that over the past six years predictive modeling has become an essential or very important driver of improved performance and they are broadening their ...
Towers Watson: Insurers Worry About Flat Growth and Low Interest Rates
Most insurers expect business conditions to remain flat or even become worse over the next few years. Within that context, regulatory changes and continued low interest rates remain their top ...
Towers Watson: Commercial Insurance Prices Rose Slightly in Q3
Commercial insurance prices grew on average about 3 percent in the 2014 third quarter compared to the previous year. It matched last quarter's uptick and halted more than a year of consecutively ...
Towers Watson: Insurers Benefit from Proactive Claims Handling
Proactive claims handling is crucial to an insurer's bottom line, according to the latest Towers Watson survey of 35 property/casualty claims officers. The main operational goals of the U.S. P/C ...
Practical ORSA Solutions for Challenged Insurers
After much anticipation, Own Risk and Solvency Assessment (ORSA) initiatives are now underway worldwide—taking effect in 2014 in Canada and 2015 in the United States, with similar initiatives ...
Commercial Insurance Price Hikes Slowed Again in Q2
Commercial insurance prices continued to moderate in the 2014 second quarter. This time, they inched up 3 percent in aggregate, versus a 4 percent increase in the first three months of this year, a ...
Towers Watson: More U.S. Drivers Embrace Driving Monitoring Tech
It sounds intrusive, in theory – the use of a telematics device to monitor a policyholder's driving habits in exchange for possible savings in insurance premiums. But a new Towers Watson survey ...