Willis Expands Its Risk & Analytics Arsenal With European Motor Risk Model
October 06 2015 - 6:06AM
Willis Group Holdings plc (NYSE:WSH), the global risk advisory,
re/insurance broking, and human capital and benefits firm, has
launched a ground-breaking tool that enables risk managers to
forecast third party motor risk across Europe.
The Dynamic Casualty Forecast tool uses Willis’ proprietary data
so that, for the first time, a client with significant motor
exposure of any vehicle type and any country mix across Europe can
now have an improved understanding of their risks, and a customized
view of loss potential.
This clearer understanding of risks can then be overlaid across
company financials to give tangible and real-time decision support
to drive risk transfer strategy, as well negotiate better terms
with insurance markets.
The product was launched today at the Federation of European
Risk Management Associations (FERMA) Forum in Venice, and reflects
Willis’ commitment to being The Analytical Broker by creating
data-driven solutions to help clients better understand and manage
their risks.
Ben Fidlow, Global Head of Willis Core Analytics, said: “Willis
handles more than one million vehicles across Europe, and we have a
significant presence with dedicated teams in many key countries. We
understand our clients’ business and the industry’s unique
needs.
“The Dynamic Casualty Forecast engages clients at all levels
with clear, concise visuals and financials. For the first time,
auto fleet managers will now have data-driven decision support to
proactively engage the insurance markets on a country-by-country
and aggregated basis across Europe. This approach breaks down the
segmentation for motor liability across countries and markets to
provide better risk insight and decision support for our
clients.”
John Merkovsky, Global Head of Willis Risk & Analytics,
said: “Willis believes in the power of data, analytics and
technology to help our clients across all industries and in every
corner of the globe. This is the latest in a series of
ground-breaking risk quantification tools, and we are designing
many more to meet our clients’ needs.”
About WillisWillis Group Holdings the global
risk advisory, re/insurance broking and human capital and benefits
firm. With roots dating to 1828, Willis operates today on every
continent with more than 18,000 employees in over 400 offices.
Willis offers its clients superior expertise, teamwork, innovation
and market-leading products and professional services in risk
management and transfer. Our experts rank among the world’s leading
authorities on analytics, modelling and mitigation strategies at
the intersection of global commerce and extreme events. Find more
information at our website, www.willis.com, our leadership journal,
Resilience, or our up-to-the-minute blog on breaking news,
WillisWire. Across geographies, industries and specialisms, Willis
provides its local and multinational clients with resilience for a
risky world.
Contact:
Media:
Paul Platt
+ 44 20 3124 7659
Email: paul.platt@willis.com
Investors:
Matt Rohrmann
+1 212 915 8180
Email: matt.rohrmann@willis.com