29 November 2012Actuarial & underwriting

Willis streamlines captive admin and underwriting

Willis Global Captive Practice, part of global insurance broker Willis Group Holdings, has launched WillisCaptus, an online underwriting and data management system it says is targeted specifically at captives, healthcare providers and risk retention groups.

Willis says the system, which it believes is the first of its kind, is designed to allow captives to securely manage their data and develop underwriting information more efficiently. It also claims it will reduce paperwork and enhance storage efficiencies.

"We believe that WillisCaptus significantly changes the RRG underwriting environment,” said Aidan Kelly, senior vice president and chief operations officer of Willis Global Captive Practice.

“In listening to our clients, they were crying out for assistance in streamlining their risk retention processes. Creating WillisCaptus, an online automated solution for coverage applications and data management, is our solution to those needs. It is a clear differentiator for Willis and perfectly complements our existing market leading captive and RRG management services."