Insurance

WTW forms Risk IQ platform- Newshubweek

WTW forms Risk IQ platform
Written by Arindam


WTW forms Risk IQ platform

Global brokerage WTW has announced the launch of Risk Intelligence Quantified (Risk IQ), a portal that provides on-demand access to WTW’s modelling tools. The Risk IQ portal allows businesses to quantify and analyse risks and all major insurable renewals while also assessing and evaluating combinations of risk transfer efficiency and risk levels.

Risk IQ is designed for businesses seeking both substantial analysis and expert risk insight, WTW said. The platform provides risk specialists with access to WTW’s risk and analytics capabilities, including:

  • Global Peril Diagnostic
  • Climate Diagnostic
  • Workers’ Compensation Diagnostic
  • Property Quantified
  • D&O Quantified
  • Risk Tolerance Clarified

“From entering new markets and stress-testing business scenarios to assessing M&A activity, Risk IQ empowers risk specialists to understand and navigate their business’s risk portfolio,” said John Merkovsky, global head of data and analytics at WTW. “Not only does the platform enhance decision-making across the risk management process, Risk IQ also ultimately puts risk managers in control of their analytic outputs, providing organisations with the ability to run business-critical scenarios and prepare for potential losses.

“WTW is at the forefront when it comes to delivering valuable strategic solutions across the risk analytics market, and Risk IQ further highlights our client-centric capabilities.”

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