Willis Towers Watson (WTW) has named Massimo Cavadini as head of product, pricing, claims and underwriting for Continental Europe, aiming to reinforce its management in insurance coverage analytics.
Cavadini’s function is a newly created place.
He’ll give attention to the technological and personnel progress of consulting and software program options in claims processing, underwriting and knowledge science.
Most just lately, Cavadini served as the top of the World Insurance coverage Options staff at Munich Re.
He has additionally labored throughout pricing and underwriting at Allianz and Generali.
Cavadini stated: “I’m excited concerning the potential for analytics in insurance coverage. WTW combines nice expertise with a deep understanding of insurance coverage and a really international strategy. I’m thrilled to assist our purchasers make higher choices and execute them sooner.”
WTW EMEA head of Insurance coverage Consulting Tammy Richardson added: “Our market-leading Radar suite already powers among the largest and most profitable insurers in Europe. With its new AI capabilities and Massimo’s creativity and experience, we will make that energy accessible to extra insurers in additional methods.”
Within the fourth quarter of 2024, WTW logged internet earnings of $1.25bn (£965.78m), an enhance from $623m within the corresponding quarter of the earlier yr.
Nevertheless, for the total yr of 2024, the corporate posted a internet lack of $88m, in distinction to a internet earnings of $1.1bn in 2023.
