WTW launches Risk Intelligence Quantified

Rhea-AI Summary

WTW (NASDAQ: WTW) has launched Risk Intelligence Quantified (Risk IQ), a new portal offering businesses on-demand access to advanced risk modeling tools. This platform enables companies to analyze various risks and insurance renewals effectively. Risk IQ includes features such as Global Peril Diagnostic and Risk Tolerance Clarified, providing risk specialists with essential insights. John Merkovsky, WTW's Global Head of Data and Analytics, highlighted that Risk IQ empowers organizations to enhance decision-making and navigate their risk landscape efficiently.

Positive

• Launch of Risk IQ enhances WTW's risk analytics capabilities.
• The platform provides businesses with critical insights and tools for risk management.
• Features such as Global Peril Diagnostic improve decision-making for clients.

Negative

• None.

LONDON, Oct. 10, 2022 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, today announces the launch of Risk Intelligence Quantified (Risk IQ). The Risk IQ portal provides on-demand and direct access to WTW’s modelling tools, allowing businesses to quantify and analyse ever-changing risks and all major insurable renewals, while also dynamically assessing and evaluating combinations of risk transfer efficiency and risk levels.

Risk IQ is designed for businesses seeking substantial analysis alongside expert risk insight. The flexible and personalised platform provides risk specialists with autonomous access to the breadth of WTW’s leading risk and analytics solutions. This includes:

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

John Merkovsky, Global Head of Data and Analytics, WTW said: “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. 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.”

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

Learn more at wtwco.com.

Media contact

Sarah Booker: +44 7917 722040
Sarah.booker@willistowerswatson.com

FAQ

What is Risk IQ launched by WTW?

Risk IQ is a new portal providing on-demand access to WTW's risk modeling tools for businesses.

How does Risk IQ benefit businesses?

It enables businesses to quantify and analyze risks effectively, improving decision-making.

What features are included in WTW's Risk IQ?

Risk IQ includes Global Peril Diagnostic, Climate Diagnostic, Workers’ Compensation Diagnostic, and more.

Who is the Global Head of Data and Analytics at WTW?

John Merkovsky is the Global Head of Data and Analytics at WTW.

When was Risk IQ launched by WTW?

Risk IQ was launched on October 10, 2022.