The latest news from Willis for you;
Willis, a WTW business (NASDAQ:WTW), has expanded its long-standing partnership with Zywave, a leading insurtech company, by integrating Benchmark API into its Risk IQ suite of analytics. This collaboration marks a significant step forward in delivering deeper insights and enhanced consulting capabilities to Willis clients worldwide.
Willis’ Risk IQ solution streamlines insurance due diligence and optimisation and helps clients to identify coverage gaps and assess counterparty risks, through tailored risk analytics data.
The Benchmark API enables Willis to seamlessly integrate internal data with industry-leading external loss data and benchmarking intelligence into its Risk IQ analytics platform, providing improved analysis and greater customised outputs for clients, resulting in greater transparency for board reporting and strategy reviews and better predictive capability. This enables Willis risk advisors to identify emerging trends, such as social inflation and provide more precise risk and exposure guidance.
As a result, clients can gain a deeper knowledge of their industry landscape, including their positioning in comparison with their competitors and allows for tailored solutions for improvement and strategy.
“We want our clients to be as informed about risk and the insurance marketplace as possible.” said Ben Fidlow, Head of Core Analytics at Willis. “By integrating Zywave’s benchmark API into our Risk IQ solution, we are providing a broader view of risk and delivering insights more efficiently to our clients”.
Jim Blinn, Principal Account Executive at Zywave said: “We’re thrilled to deepen our partnership with Willis. The Benchmark API was designed to transform how brokerages leverage data, and Willis is leading the way in applying this technology to deliver measurable value to their clients.”
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