Towers Watson Introduces Updated Version of Emblem Pricing Software

Global professional services company Towers Watson (NYSE, NASDAQ: TW) has released an updated version of its Emblem pricing software.

Emblem 4.2 includes a uniquely innovative technique that materially enhances predictive models. The "saddle builder" detects interactions between factors that would otherwise be hard to find.

Duncan Anderson, Towers Watson's global property & casualty pricing and product management leader, commented, "We are very excited by how, in pilots we have undertaken in the United States and Europe, the new version of Emblem has revealed previously unnoticed patterns in insurance claims and customer behavior experience. This has allowed the development of improved models that provide a real commercial edge when operating in competitive markets."

Anderson added, "There has been much discussion recently around applying machine-learning approaches in addition to traditional insurance pricing models. The new version of Emblem brings the key advantages of such methods together in a single fast and robust modeling framework."

Emblem has been developed over more than a decade, helping companies to improve profitability through pricing that is based on a thorough understanding of risk and customer behavior. There are now more than 1,200 users among property and casualty insurers worldwide, while several leading life insurers have also started to apply Emblem models to enhance mortality analysis. About Towers Watson Towers Watson (NYSE, NASDAQ: TW) is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. The company offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management. Towers Watson has 14,000 associates around the world and is located on the web at towerswatson.com.