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Liberty Specialty Markets to Adopt WTW’s Neuron Platform for Specialty Risks
Liberty Specialty Markets (LSM), a part of the Liberty Mutual Insurance Group, is set to become an early adopter of Neuron, a digital trading platform developed by Willis Towers Watson (WTW). Neuron aims to modernize the placement of specialty risks by connecting brokers and insurers in real time, streamlining the trading process.
As a global provider of insurance services, LSM seeks to strengthen its broker and client relationships through data-driven solutions. The collaboration with WTW will enhance LSM’s digital capabilities, offering brokers a flexible approach to risk trading and supporting customized portfolio underwriting solutions. The partnership is expected to improve the speed, scale, and effectiveness of placing follow-line business.
Carol Baker, Head of Digital Strategy at LSM, commented, “We are proud to be accelerating solutions that help shape the future of our industry. By embracing advanced technology, we aim to make the risk placement process fast and frictionless for follow business. Our partnership with WTW gives brokers seamless access to our underwriting expertise, marking a positive step toward a more connected market.”
Louise Smith OBE, Global Lead for WTW Neuron, added, “WTW is delighted that LSM will be an early adopter of Neuron. This collaboration is a significant milestone in our mission to intelligently connect global risks with smart capital and transform digital capabilities across the entire value chain. We look forward to continuing to work closely with LSM to unlock operational efficiencies, making the process of doing business simpler, faster, and more agile using Neuron’s cutting-edge technology.”
Earlier this month, WTW launched Radar Vision, an AI-powered performance monitoring tool designed for insurers. Radar Vision extends the functionality of WTW’s existing analytics and model deployment solution, Radar.
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Caption: Neuron aims to modernize the placement of specialty risks, connecting brokers and insurers in real time.
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