CENTURY UNDERWRITING PARTNER WITH WILLIS TOWERS WATSON
Leveraging the expertise of a leading global advisory, broking and solutions company to support Century’s ongoing growth.
With a rapidly changing market and diversification into broader commercial insurance lines, Century Underwriting have engaged Willis Towers Watson to provide additional actuarial resource. Strengthening Century’s established and quality-focused offering, the new partnership provides greater insight into the ever-changing insurance market and, as a result, allows Century to provide greater value for their insurance partners and a continually improving service to their growing broker network.
A leading global advisory company with the data, knowledge and technology to help turn risk into a path for growth, harnessing the expertise of Willis Towers Watson gives Century a distinct competitive advantage. By taking the actuarial responsibility out of the confines of the internal business unit, Century are now able to leverage the uncapped knowledge of a global leader, thus gaining a far more holistic view of performance and identifying opportunities to improve underwriting results.
Combined with continued investment in underlying infrastructure, technical support and resource, the new actuarial partnership forms part of Century’s strategic plan and clearly outlines a focus on disciplined growth and profitable underwriting for their insurance partners.
Century Underwriting’s Chief Executive Officer, Guy Fraser, comments: “Partnering with Willis Towers Watson for additional insight and actuarial resource was a natural step. We knew that to achieve our ambitious growth projections, not only did we have to invest in the best technology and people, but we had to partner with global market leaders. The knowledge we have already gained from the partnership has been invaluable and we very much look forward to further leveraging their skill set, forward thinking advice and actuarial insight to support us as our broker network continues to expand and the business grows.”
Positioning Century at the cutting edge of underwriting, underpinned by technology and the Willis Towers Watson union, the business strives forward into 2019 looking to develop new insurance partnerships whilst optimising performance and results.