Willis Towers Watson (WTW) has named Massimo Cavadini as head of product, pricing, claims and underwriting for Continental Europe, aiming to enhance its leadership in insurance analytics.
Cavadini’s role is a newly created position.
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He will focus on the technological and personnel growth of consulting and software solutions in claims processing, underwriting and data science.
Most recently, Cavadini served as the head of the Global Insurance Solutions team at Munich Re.
He has also worked across pricing and underwriting at Allianz and Generali.
Cavadini said: “I am excited about the potential for analytics in insurance. WTW combines great technology with a deep understanding of insurance and a truly global approach. I am thrilled to help our clients make better decisions and execute them faster.”
WTW EMEA head of Insurance Consulting Tammy Richardson added: “Our market-leading Radar suite already powers some of the largest and most successful insurers in Europe. With its new AI capabilities and Massimo’s creativity and expertise, we can make that power accessible to more insurers in more ways.”
In the fourth quarter of 2024, WTW logged net income of $1.25bn (£965.78m), an increase from $623m in the corresponding quarter of the previous year.
However, for the full year of 2024, the company posted a net loss of $88m, in contrast to a net income of $1.1bn in 2023.
