Latest news with #InsuranceConsultingandTechnology
Yahoo
16-06-2025
- Business
- Yahoo
WTW appoints Farah Ismail Senior Director, Head of Commercial Lines within its Insurance Consulting & Technology business
NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has announced the appointment of Farah Ismail as Senior Director, Head of Commercial Lines within its Insurance Consulting and Technology (ICT) business in North America. Farah brings more than fifteen years of experience across a wide spectrum of commercial insurance lines, including both specialty (Excess & Surplus Lines, Cyber, Healthcare, Environmental, Directors & Officers, Errors & Omissions, Surety) and non-specialty (General Liability, Property, Commercial Auto, Workers' Compensation) products. Her background spans underwriting, pricing, product development, and claims, providing a well-rounded perspective on the commercial insurance landscape. Based in New York and reporting to Laura Doddington, Head of Personal & Commercial Lines Consulting & Technology, Farah will shape and execute the go-to-market strategy for North America within the Commercial Lines space. She will bring value to clients by helping to refine their pricing and underwriting strategies to aid them in more quickly identifying changes in risk and responding to emerging trends. Farah will focus on delivering stronger portfolio performance by leveraging new and emerging technologies, including WTW's end-to-end analytics platform, Radar. Doddington commented, 'Farah brings a unique understanding of the insurance space, and her broad experience leveraging analytics and technology to solve client problems will bring tremendous value to our Commercial Lines clients. I am delighted to welcome Farah to the team.' About Insurance Consulting and Technology (ICT) WTW's Insurance Consulting and Technology business serves the insurance industry with a powerful combination of advisory services and leading-edge technology. Our mission is to innovate and transform insurance, and we deliver solutions that help clients better select, finance, and manage risk and capital. We work with clients of all sizes globally, including most of the world's leading insurance groups. Over 1,000 client companies use our specialist insurance software on six continents. With over 1,700 colleagues in 35 markets, we continually strive to be a partner and employer of choice to the insurance industry. About WTW At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at Media Contact Douglas +1 (516) 972-0380 Arnelle +1 (718) 208-0474Sign in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
WTW makes senior appointments to further expand its Insurance Consulting and Technology business
NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a global advisory, broking and solutions company, today announced the appointments of Scott Van Slyck as Senior Director of Technology Sales and Kate Gingras, JD, as Director of Strategy Execution to its Insurance Consulting and Technology (ICT) business. Van Slyck joins WTW from software company Semsee. With more than 20 years of leadership experience in enterprise software and Insurtech sales, he has successfully led high-performing teams at companies including SunGard, Bolttech, Majesco and InsurePay. Based in Raleigh, North Carolina, Van Slyck will be a member of the ICT Americas leadership team and report jointly to Giovanni Smyth, Americas Regional Leader for the ICT business, and Charlie Samolczyk, Global Technology Sales Leader. In his new role, he will lead the Americas Technology Sales team with a focus on client outreach, expanding WTW's technology footprint and accelerating growth across the flagship products of the ICT business. Giovanni Smyth, Americas Regional Leader for the ICT business, WTW, said: 'With a deep understanding and strong track record within the insurance technology space, Scott has consistently delivered successful programs and revenue growth. He is well placed to further build on our technology sales ambitions and we are excited for him to begin working with our PC and Life teams to bring our innovative solutions to market.' Gingras brings over 20 years of experience in driving growth and operational performance for enterprise software companies and insurance markets around the globe. She has worked with insurers as a consultant and innovation partner, bringing new technology products to market for both legacy and startup organizations. Based in Boston, Massachusetts, Gingras joins the ICT Americas Leadership Team and reports to Smyth. In her new role, she will work closely with Americas consulting and technology leaders and team members as well as WTW global partners to align strategy, business and operations to further the growth of the ICT business. Smyth said: 'Kate has worked with major insurers worldwide and successfully directed go-to-market strategies for leading technology firms, and we are delighted that she has joined our team. Kate's significant industry experience and expertise will bring invaluable strategic insight to our business, playing a pivotal role in helping to deliver meaningful results and exceptional value to our clients.' About Insurance Consulting and TechnologyWTW's Insurance Consulting and Technology business serves the insurance industry with a powerful combination of advisory services and leading-edge technology. Our mission is to innovate and transform insurance, and we deliver solutions that help clients better select, finance, and manage risk and capital. We work with clients of all sizes globally, including most of the world's leading insurance groups. Over 1,000 client companies use our specialist insurance software on six continents. With over 1,700 colleagues in 35 markets, we continually strive to be a partner and employer of choice to the insurance industry. About WTWAt WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at Media ContactAndrew Collis: +44 7932 725 267 | Arnelle Sullivan +1 (718) 208-0474 | in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
WTW appoints Farah Ismail Senior Director, Head of Commercial Lines within its Insurance Consulting & Technology business
NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has announced the appointment of Farah Ismail as Senior Director, Head of Commercial Lines within its Insurance Consulting and Technology (ICT) business in North America. Farah brings more than fifteen years of experience across a wide spectrum of commercial insurance lines, including both specialty (Excess & Surplus Lines, Cyber, Healthcare, Environmental, Directors & Officers, Errors & Omissions, Surety) and non-specialty (General Liability, Property, Commercial Auto, Workers' Compensation) products. Her background spans underwriting, pricing, product development, and claims, providing a well-rounded perspective on the commercial insurance landscape. Based in New York and reporting to Laura Doddington, Head of Personal & Commercial Lines Consulting & Technology, Farah will shape and execute the go-to-market strategy for North America within the Commercial Lines space. She will bring value to clients by helping to refine their pricing and underwriting strategies to aid them in more quickly identifying changes in risk and responding to emerging trends. Farah will focus on delivering stronger portfolio performance by leveraging new and emerging technologies, including WTW's end-to-end analytics platform, Radar. Doddington commented, 'Farah brings a unique understanding of the insurance space, and her broad experience leveraging analytics and technology to solve client problems will bring tremendous value to our Commercial Lines clients. I am delighted to welcome Farah to the team.' About Insurance Consulting and Technology (ICT) WTW's Insurance Consulting and Technology business serves the insurance industry with a powerful combination of advisory services and leading-edge technology. Our mission is to innovate and transform insurance, and we deliver solutions that help clients better select, finance, and manage risk and capital. We work with clients of all sizes globally, including most of the world's leading insurance groups. Over 1,000 client companies use our specialist insurance software on six continents. With over 1,700 colleagues in 35 markets, we continually strive to be a partner and employer of choice to the insurance industry. About WTW At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at Media Contact Douglas +1 (516) 972-0380 Arnelle +1 (718) 208-0474Sign in to access your portfolio
Yahoo
10-06-2025
- Business
- Yahoo
U.S. commercial insurance rates continue downward trend, dropping to 5.3% increase
Commercial Lines Insurance Pricing Survey: Q1 2025 NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- While U.S. commercial insurance rates demonstrated an increase of 5.3% in the first quarter, the rate continued a downward trajectory compared with the prior two quarters (increases of 5.8% and 5.6%), according to the latest findings from WTW's Commercial Lines Insurance Pricing Survey (CLIPS). The survey compares premiums for policies underwritten during the first quarter of 2025 to those for the same coverage lines in the respective quarter of 2024, demonstrating a year-over-year comparison. Carriers reported an aggregate price increase of 5.3% in the first quarter, down from 6.3% recorded in the first quarter of 2024. Some coverage lines stood out with respect to price change rates in the quarter. Notably, Commercial Auto maintained a double digit increase but lower than prior quarter, while Commercial Property continued a strong downward pricing trend, with just a slight increase for the first quarter, compared to double digit increase a year prior. Additionally, Professional Liability rates displayed a higher increase this quarter but is still relatively low compared to most of the other lines. Yi Jing, Senior Director, Insurance Consulting and Technology (ICT) at WTW, commented, "In the first quarter, we witnessed some interesting trends. Overall, the continued reduction in rate increases is a positive sign for buyers. However, consistent double-digit rate jumps for areas like Commercial Auto signify continued pricing difficulty in the market. The only other coverage area maintaining double digit rate increases is Excess / Umbrella Liability." CLIPS is a retrospective look at historical changes in Commercial Property & Casualty insurance (P&C) prices and claims cost inflation. A forward-looking analysis of Commercial P&C trends, outlook, and rate predictions can be found in WTW's Insurance Marketplace Realities series. About WTW At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. About CLIPS CLIPS data are based on both new and renewal business figures obtained directly from carriers underwriting the business. CLIPS participants represent a cross-section of U.S. P&C insurers that includes many of the top ten commercial lines companies and the top 25 insurance groups in the U.S. This survey compared prices charged on policies written during the first quarter of 2025, with the prices charged for the same coverage during the same quarter of 2024. For this most recent survey, 41 participating insurers representing approximately 20% of the U.S. commercial insurance market (excluding state workers compensation funds) contributed data. Media Contact Douglas +1 (516) 972-0380 Arnelle +1 (718) 208-0474Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
13-03-2025
- Business
- Associated Press
WTW appoints Massimo Cavadini as Head of Product, Pricing, Claims and Underwriting for Continental Europe
LONDON, March 13, 2025 (GLOBE NEWSWIRE) -- WTW, (NASDAQ:WTW) has appointed Massimo Cavadini as Head of Product, Pricing, Claims and Underwriting for Continental Europe. This newly created position further strengthens WTW's strategy of broadening and deepening its market leading role in insurance analytics. Insurers are experiencing a new wave of data-driven decision making that is transforming the industry, from AI in claims and underwriting to greater sophistication in pricing and portfolio management. Cavadini will be responsible for the technological and personnel expansion of consulting and software solutions in the areas of claims processing, underwriting and data science across all functions. Speaking to his appointment, Cavadini said, 'I am excited about the potential for analytics in insurance. WTW combines great technology with a deep understanding of insurance and a truly global approach. I am thrilled to help our clients make better decisions and execute them faster.' Tammy Richardson, head of Insurance Consulting in EMEA, adds: 'Our market-leading Radar suite already powers some of the largest and most successful insurers in Europe. With its new AI capabilities and Massimo's creativity and expertise, we can make that power accessible to more insurers in more ways.' Cavadini joins from Munich Re, where he headed their Global Insurance Solutions team. He holds a doctorate in astrophysics and has previously held roles across Pricing and Underwritring functions at Allianz and Generali. About Insurance Consulting and Technology (ICT) WTW's Insurance Consulting and Technology (ICT) business has over 1,200 colleagues operating and capital, improve business performance, and create competitive advantage – by focusing on financial and regulatory reporting, enterprise risk and capital management, M&A and corporate restructuring, products, pricing, business management, and strategy in 35 markets worldwide. ICT is a leading provider of advice, solutions, and software – primarily to the insurance industry. Its consulting services help clients manage risk. About WTW At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at
