This advanced technology is set to enhance the accuracy and efficiency of property and casualty (P&C) reserving, offering insurers and reinsurers a powerful new way to streamline their processes.
Tina Gwilliam, WTW’s Global Proposition Leader for Reserving, highlights the solution’s impact: “Historically, the insurance industry has grappled with costly, infrequent, and low-granularity analyses for financial reporting. ResQ Machine-Led Reserving provides faster, more precise results, enabling reserving teams to focus on critical areas and deliver insights that support broader business objectives.”
The technology leverages proprietary algorithms to optimise the core reserving methods in ResQ, WTW’s leading loss-reserving platform. This fully automated process generates independent loss estimates instantly, significantly enhancing both the accuracy and stability of projections when compared with traditional human-led estimates.
Back-testing has shown that ResQ Machine-Led Reserving consistently outperforms manual estimates, delivering more accurate and stable results. Built on traditional actuarial techniques, the system offers transparent, interpretable outcomes that can be adjusted to align with evolving business needs.
With its ability to adapt to increased complexity and frequency, ResQ Machine-Led Reserving empowers insurers to scale their operations confidently, paving the way for a new era in insurance reserving.
“ResQ Machine-Led Reserving is revolutionising forward-thinking insurers by providing accurate, transparent projections of ultimate losses,” adds Gwilliam. “This solution allows reserving teams to add more value, while also expanding algorithmic reserving capabilities to support pricing and portfolio management functions.”
Join WTW Leaders at Insurtech Insights Europe 2025 in London
Join Julian Roberts, Managing Director, Risk & Analytics, WTW at Insurtech Insights Europe 2025 on March 19 to 20th at O2 Intercontinental, London. Roberts, along with other leaders at WTW are confirmed to offer valuable insights at the event. For more information, visit here: ITI Europe 2025
