Leading advisory and broking solutions company, WTW has launched a new risk and analytics tool for clients in the healthcare industry.
HPL Quantified will provide clients with a unique set of assessment options to optimise their risk transfer, focused on Hospital Professional Liability (HPL) in the United States.
Similar to other proprietary tools within WTW’s Risk & Analytics suite of technical platforms and solutions, the new model – which uses data and algorithms from its healthcare actuarial group – can be used to assess the full range of loss potential for a client’s unique exposure base.
This tool gives healthcare brokers at WTW the ability to offer full risk quantification at scale, strategically collaborating with clients to craft optimal risk transfer solutions, executing the best options most suited for the client’s specific exposures.
Ben Fidlow, Global Head of Core Analytics at WTW, commented: “HPL Quantified is the amalgamation of two of our best assets, our actuarial expertise within the healthcare industry, and our scalable technology platform, empowering our healthcare colleagues to provide industry-leading analytics to maximise the efficiency of insurance spend for our clients.”
Maryann McGivney, head of healthcare, corporate risk & broking in North America said that this model is a game-changer for how WTW service healthcare clients.
She added: “Real-time data analysis to present clients with a proven model that clearly and transparently displays optimal risk transfer solutions to cover their relevant exposures while optimising their overall spend.”
