As the use of predictive modeling among insurance companies becomes increasingly prevalent, the combination of sophisticated actuarial expertise and advanced predictive modeling software to determine optimum pricing and risk selection strategies, will help insurers realize a competitive advantage.
While employers remain committed to offering health and productivity programs, they are frustrated by the inability of many workers to change their health habits. In an effort to encourage healthy behaviors, a growing number of employers are tightening their requirements for workers to receive financial incentives, according to a survey conducted by Towers Watson (NYSE, NASDAQ: TW), a global professional services company, and the National Business Group on Health (NBGH), a nonprofit association of large U.S. employers.
The number of bond mandates awarded by global professional services company Towers Watson’s (NYSE, NASDAQ: TW) clients worldwide in 2009 increased by over 50% from 2008, which was already over 20% higher than the year before. The most significant increase in demand was for U.S. bonds, with twice the number of selections in 2009 as in 2008.
Towers Watson (NYSE, NASDAQ: TW), a leading global professional services company, and UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, have partnered to develop the Retiree Health Collaborative, a new health care coverage solution for retirees and employers.
The continuing sluggish economy is forcing a growing number of large U.S. employers to take more aggressive measures to control rising health care costs and motivate workers to take charge of improving their own health, according to a survey conducted by Towers Watson (NYSE, NASDAQ: TW), a global professional services company, and the National Business Group on Health (NBGH), a non-profit association of large U.S. employers.
The unsettled economy is having a major effect on claim operations, including rising loss costs, increased levels of litigation and higher rates of fraudulent claims. Further, the current financial environment is putting pressure on insurers’ expense management and expense-related claim performance metrics, according to a survey conducted by global professional services company Towers Watson (NYSE, NASDAQ: TW).
Fund managers are confident that higher equity returns and positive, albeit modest, economic growth will manifest a continued global recovery, according to a survey conducted by global professional services firm Towers Watson (NYSE, NASDAQ: TW).
Global professional services company Towers Watson (NYSE, NASDAQ: TW) has named Ashley Mims, senior consultant in its reinsurance brokerage business, the world’s fourth largest.
Rates of return for defined benefit (DB) pension plans outpaced those for defined contribution (DC) plans, including employee-directed 401(k) plans, in 2007 and also in 2008, when the economic crisis began to unfold, according to a new analysis by Towers Watson (NYSE, NASDAQ: TW), a leading global professional services company.
The U.S. employment picture looks mixed at best in 2010, with hiring picking up at a majority of U.S. organizations even as some plan to continue making targeted workforce reductions, according to a new survey by Towers Watson (NYSE, NASDAQ: TW), a leading global professional services company. The survey did find signs of optimism, especially predictions that employee productivity and engagement will improve over the next year.
A significant majority of U.S. employers believe health care reform, if enacted, would lead to higher costs for both employer-sponsored benefit programs and health care services overall, according to initial results from an employer survey conducted by Towers Watson and the National Business Group on Health.
Global professional services company Towers Watson (NYSE, NASDAQ: TW) has examined several proposed or enacted state policy decisions during 2009 that were designed to begin to reshape Florida’s insurance market and strike a balance among the general price, availability and quality of property insurance.
Pension funding levels at large U.S. companies improved at the end of last year largely due to the rebounding stock markets. However, lower interest rates, which increased pension liabilities, continued to keep funding levels well below those in 2007, according to a new analysis by Towers Watson, a leading global professional services company. Furthermore, overall pension deficits remain substantial, and companies will need to make large contributions to their plans over the next few years.
Last year proved to be a reasonably good year for companies completing deals, especially those that closed transactions within their own borders, according to the latest Towers Watson Quarterly Deal Performance Monitor.
Towers Watson & Co. announced today the completion of the merger of Towers Perrin and Watson Wyatt. The transaction to form Towers Watson, a leading global professional services company, was announced on June 28, 2009. Watson Wyatt Chief Executive Officer John Haley will serve as Towers Watson’s Chairman and Chief Executive Officer; Towers Perrin Chief Executive Officer Mark Mactas will serve as Deputy Chairman, President and Chief Operating Officer.
Towers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW), both leading global consulting firms, announced that at their respective special meetings of shareholders, each held earlier today, their shareholders adopted the merger agreement pursuant to which the companies will combine their businesses.
Towers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW), both leading global consulting firms, today announced that they have been granted conditional clearance from the European Commission to allow the Parties to proceed with their merger to form Towers Watson & Co. U.S. antitrust authorities previously cleared the transaction.
Towers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW) today announced that Jupiter Saturn Holding Company (“Jupiter Saturn”), the new entity formed as part of the merger process between Towers Perrin and Watson Wyatt, filed a registration statement on Form S-4 with the Securities and Exchange Commission.
Towers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW) today announced that their respective Boards of Directors have unanimously approved a definitive agreement under which Towers Perrin and Watson Wyatt will combine in a merger of equals to form a new, publicly listed company called Towers Watson & Co.
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