Willis Research Network (WRN), the research arm of the Willis Towers Watson, has renewed its partnership with the Global Earthquake Model (GEM) foundation, a company aimed at the establishment of uniform and open standards for calculating and communicating earthquake risk worldwide.
Karl Jones, Head of Catastrophe Analytics, Willis Re International, stated that the global nature and depth of the work undertaken by GEM enables Willis to access some of the best and most consistent data to inform its view of risk and help clients understand theirs.
“Willis Towers Watson was one of the original founding members of this ground-breaking initiative and the renewal of this partnership highlights the continued importance of their global work,” added Jones.
Rosa Sobradelo, Senior Research Manager for the WRN, commented, “We believe that supporting initiatives such as GEM puts the WRN at the forefront of applied research for earthquake hazard and helps provide a customized and bespoke view of risk, as well as reflecting Willis Towers Watson’s commitment to social responsibility.”
Since its creation ten years ago, the GEM Foundation has been developing open source tools to help public and private entities assess and quantify earthquake risk.
The company’s extensive and collaborative work with private, public, academic and scientific institutions worldwide has made GEM a global touchstone in the field of earthquake risk assessment.
John Schneider, GEM Secretary General said, “GEM and Willis Towers Watson share a common commitment to the development and application of science to understanding and managing earthquake risk on a global scale.”
“We are very pleased to renew our relationship and continue our work together.”