Extra features now built into the PVT Suite;
Synthetik announces the expansion of its long-term partnership with Willis, a WTW business. Willis will now have Synthetik’s full suite of Political Violence and Terrorism (PVT) software modeling tools available for its use, supporting Willis in maximizing the value of its PVT products to clients.
Synthetik’s platforms currently include AnyBuildingRisk, Cityscape, SRCC Quantum and their associated data products. The combination of these dynamic tools — which provide unique perspectives on peril modeling and intelligence focused on behavior-driven analysis — will provide Willis with a comprehensive toolkit to evaluate the insurance impacts related to terrorism, political violence, strikes, riots and civil commotion. Through integration of Synthetik’s individual risk models into Willis’s existing enterprise level risk management platforms, Willis and its clients will have greater insight into the civil unrest landscape, affording them an unparalleled level of service.
Brian Watson, CEO, 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.”
Fergus Critchley, Global Head of Terrorism and Political Violence at Willis added: “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.”
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