According to the WTW, Risk IQ provides on-demand and direct access to the company’s modelling tools, allowing businesses to quantify and analyse ever-changing risks and all major insurable renewals.
At the same time, Risk IQ also dynamically assesses and evaluates combinations of risk transfer efficiency and risk levels.
Risk specialists will now have access to WTW’s risk and analytics solutions, which include Global Peril Diagnostic, Climate Diagnostic, Workers’ Compensation Diagnostic, Property Quantified, D&O Quantified, and 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.”
