What Neuron is doing right now
Neuron, WTW’s AI-powered placement platform, is already live in cyber placements in North America and in UK property business, with a wider rollout planned through the rest of this year, according to comments WTW made when it set out its AI strategy following the Newfront deal. On the international property facility that runs on Neuron, WTW says quotes can now be turned around in minutes rather than days, and the facility has grown to US$60 million of follow capacity per placement across territories spanning Europe, Asia, Australia and New Zealand, South Africa, Latin America, the Caribbean and Canada. Liberty Specialty Markets became an early adopter specifically to speed up how it trades follow business, and the two firms have since added live D&O and cyber trading to the platform. The pitch to insurers is simple: connect once, and gain access to a growing pool of brokers submitting more standardised, cleaner data.
