Introduction
Global advisory, broking, and solutions firm WTW has announced that Liberty Specialty Markets (LSM) will be an early adopter of Neuron, its digital trading platform.
About Neuron
WTW reportedly developed Neuron to modernise specialty risk placement by connecting brokers and insurers in real time, streamlining complex risk trading, and enhancing efficiency across the insurance value chain.
Benefits for LSM
With the adoption of Neuron, LSM said it will enhance its digital capabilities, enabling faster risk trading, tailored portfolio underwriting, and improved speed, scale, and efficiency in follow-line placements for a more responsive trading experience.
Statements from Leadership
Louise Smith OBE, Global Lead for Neuron at WTW, commented, “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.”
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.”
