WTW has launched a new tool to help insurers and reinsurers enhance accuracy and efficiency in P/C reserving.
ResQ Machine-led Reserving uses proprietary algorithms that optimise the core reserving methods in ResQ to create fully automated and independent loss estimates.
Tina Gwilliam, global proposition leader for Reserving, WTW, said: “The insurance industry has long faced challenges with expensive, infrequent, low-granularity analyses for financial reporting. ResQ Machine-led Reserving delivers faster, more precise results that allow reserving teams to focus where it matters and provide insights to support broader business needs.”
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