Willis and Synthetik have extended their long-term partnership, giving the WTW business access to Synthetik’s complete suite of Political Violence and Terrorism (PVT) software modeling tools.
By integrating Synthetik’s individual risk models, including AnyBuildingRisk, Cityscape, and SRCC Quantum, along with their associated data products, into Willis’s existing enterprise-level risk management platforms, Willis and its clients are to gain superior insight into the civil unrest landscape.
Brian Watson, CEO, Synthetik commented: “We live in an increasingly volatile risk landscape with a constantly evolving PVT threat, so brokers need to be absolutely confident in the information they hold and the analysis they base their advice on.
“We are delighted to grow our relationship with a global leader like Willis — whose ongoing trust in our systems is indicative of its dedication to providing the best possible service to its clients, as well as the growing market understanding of the value of Synthetik’s offerings.”
Synthetik’s comprehensive toolkit combines dynamic PVT tools that offer unique perspectives on peril modelling and intelligence, focusing on behaviour-driven analysis.
It provides Willis with the means to thoroughly evaluate the insurance implications of terrorism, political violence, strikes, riots, and civil commotion.
Fergus Critchley, Global Head of Terrorism and Political Violence at Willis stated: “We are pleased to expand our partnership with Synthetik as we continue to strengthen the quality and breadth of the risk and analytical tools we can now bring to bear for our clients.
“In a risk environment that is becoming more complex by the day, their advanced modelling capabilities play a key role in helping us anticipate emerging exposures and provide informed, actionable quantification. Our continued investment in Synthetik’s technology reflects our commitment to equipping our clients with the most robust, forward-looking risk and analytics capability in the market.”
