Willis Towers Watson launches property loss modeling platform

London, UK (Sept. 19, 2018) – Willis Towers Watson, a leading global advisory, broking and solutions company, has announced the launch of Property Quantified, a first-of-its-kind technology platform to help organizations analyze potential property losses across a global portfolio with the aim of optimizing risk transfer and insurance strategies. The company will introduce the product at the RIMS Canada 2018 Conference on September 23 in St. John’s, Canada.

Unlike single-peril models, Property Quantified models multiple perils in a single platform, including both catastrophe risks such as earthquake and hurricane and all other loss types such as fire and vandalism for organizations with physical locations anywhere in the world. The tool leverages Willis Towers Watson’s proprietary algorithms and industry-leading vendor models to deliver loss projections and assess insurance strategies in financial terms. The web-based, interactive platform allows users to make changes to their location data and to see the impact to loss potential immediately.

Property Quantified is the latest release in Willis Towers Watson’s interconnected suite of quantification models and can be used in combination with other tools to support an organization’s broader risk management strategy.

“This powerful tool goes far beyond benchmarking data and natural catastrophe modeling, empowering decisions on property insurance with a level of sophistication not yet seen in the industry,” said Joe Peiser, head of Broking North America, Willis Towers Watson. “We are committed to delivering innovative risk management solutions to our clients, and Property Quantified is the latest demonstration of Willis Towers Watson’s leadership in the market.”

For more information, visit Property Quantified.

About Willis Towers Watson

Willis Towers Watson (NASDAQ:WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has over 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

SOURCE: Willis Towers Watson

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