Royal London adopts motor pricing software for life business

Royal London has become the first UK insurer to license Willis Towers Watson's pricing delivery software, Radar Live - widely used across the UK motor market - to provide life insurance quotations to intermediaries. Using real-time analytics - from traditional rating structures to complex pricing algorithms with embedded risk models - the software aims to provide enhanced pricing flexibility and responsiveness to market developments. It is also designed to increase efficiency and reduce costly errors when programming rates in multiple environments. "The use of Radar Live allows us to ...