WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has announced that Liberty Specialty Markets (LSM) will be an early adopter of Neuron, the digital trading platform. Developed by WTW to modernise the placement of specialty risks, Neuron connects brokers and insurers in real time, simplifying and accelerating the trading of complex specialty risks while enhancing efficiency across the insurance value chain.
The partnership underscores LSM’s commitment to operational excellence and its focus on deepening its relationships with brokers and clients with efficient, data-driven solutions in an evolving, data-driven insurance landscape.
Through the partnership, LSM will expand its digital capabilities, offering brokers a faster, more flexible way to trade risks while enabling tailored portfolio underwriting solutions. These advancements will significantly improve the speed, scale, and effectiveness of placing follow-line business, creating a faster and more responsive trading experience.
As the insurance market evolves rapidly, with digital trading and algorithmic pricing emerging as critical tools for insurers to remain competitive, this collaboration demonstrates how LSM is embracing these advancements to address the challenges of a digitising market.
Carol Baker, Head of Digital Strategy at LSM, said: “We are proud to be accelerating solutions that help shape the future of our industry. We’re embracing advanced technology to make the risk placement process fast and frictionless for follow business.
“The London Market is at a fascinating juncture, where innovation and tradition converge to redefine how we jointly deliver better outcomes for clients. Our partnership with WTW gives brokers seamless access to our underwriting expertise. This initiative is a positive step towards a more connected market overall, strengthened as additional carriers and brokers join.”
Louise Smith OBE, Global Lead for Neuron at WTW, said: “WTW is delighted that LSM will be an early adopter of Neuron. Our collaboration is a significant milestone in our mission to intelligently connect global risks with smart capital and transform digital capabilities across the entire value chain.
“We look forward to continuing to work closely with LSM to unlock significant operational efficiencies by making the process of doing business simpler, faster and more agile using Neuron’s cutting-edge technology and unrivalled market-wide connectivity.”