Advertise here, Reinsurance News

Menu

Reinsurance News

Willis Re deploys updated US wildfire risk solution

9th July 2019 - Author: Charlie Wood

Willis Re, the reinsurance division of global brokerage Willis Towers Watson, has announced the deployment of an updated US wildfire risk solution.

california-wildfires-damageThe solution, launched in partnership with geospatial data enrichment and analytics firm SpatialKey, supports Willis Re clients in writing and pricing wildfire risk.

Willis Re has cited the recent California wildfires as one of the primary drivers behind the decision to launch this solution, as well as their investment in wildfire risk solutions over the past few years.

“The Willis Re Wildfire Score provides the framework for our clients to achieve meaningful portfolio and underwriting improvements with the least amount of disruption,” said Vaughn Jensen, Executive Vice President, Willis Re.

“We are also pleased to extend the scope of our partnership with SpatialKey and continue to explore how collectively we can deliver superior value to our clients.”

Tom Link, Chief Executive Officer and Founder, SpatialKey, added, “At SpatialKey, we help clients enable, enrich, and analyze data across underwriting, exposure management, and claims workflows. Our insight hub brings together expert content from over 20 data providers across multiple perils into a single platform.

“This initiative with Willis Re extends the reach of our underwriting platform and allows Willis Re to quickly, contextually, and flexibly deploy hazard data to their clients at their point of quote. We are excited to explore how we can bring operational efficiency to the market through our partnership.”

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
Canada’s insurers facing “drastic” reinsurance proposals: GFIA

Proposals by Canada’s Office of the Superintendent of Financial Institutions (OSFI) to restrict the use of foreign reinsurers are “drastic”...

Close