Using Azure to Disrupt the Insurance Industry
Willis Towers Watson uses Microsoft Azure to gain competitive advantage, save costs, and broaden the market for its solutions. The power, reliability, and elastic scalability of Azure are crucial contributors to the competitive advantage that Willis Towers Watson gains
One of the industries that Willis Towers Watson is changing is auto-insurance. The disruptive challenge is the usage-based insurance (UBI) model.
“Unlike some other UBI vendors, we’re not just counting driving events for covered vehicles,” says Andy Lingard. “We actually monitor position, speed, acceleration, and other factors at every second of every journey for every vehicle. We integrate granular environmental data. And we run analytics that are more sophisticated—and more predictive—than those of competitors, which make them more valuable to insurers. Azure is crucial to our ability to do this.”
Azure is also crucial to the company’s ability to conduct those analytics cost-effectively. Towers Watson estimates that using Azure saved it 20 percent in initial capital costs compared to building an entirely on-premises solution.
"There has been a major evolution over the past few years in how we support big computing at Towers Watson, and Microsoft plays a growing role in that support."
Global Leader of Life Insurance Software Dev.
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