MELBOURNE, March 25, 2020 — Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, today launched a new, real-time, risk and analytics feature as part of its Global Peril Diagnostic modelling tool. The new feature provides up-to-date information for confirmed global COVID-19 cases alongside clients’ property total insured values by location. Notably, the feature enables clients to easily track developments of the pandemic set against their property assets around the world.
Willis Towers Watson’s Global Peril Diagnostic tool is a sophisticated risk and analytics model that evaluates clients’ property portfolios and assesses their exposure to comprehensive catastrophe risk, inclusive of terrorism and 12 natural perils. The tool’s underlying technology can also be used for charting an employer’s headcount or payroll by office location. The data and information supplied to the new feature covers Australia, China, the United States and Canada at province/state levels, and the rest of the world at country level, represented by either a country’s geographical central point or capital.
“This will enhance the practice of their proactive resiliency risk and business continuity decision making.”
Matthew Frost,
head of Risk Advisory, Australasia
“With a third tranche of stimulus being prepared by the federal government, we already know the economic impact of COVID-19 will be significant,” said Matthew Frost, head of Risk Advisory, Australasia. “As our property and casualty clients evaluate their economic losses triggered by COVID-19, this new feature will help them better understand their business interruption or workers’ compensation risks and exposures as they specifically relate to this pandemic. This will enhance the practice of their proactive resiliency risk and business continuity decision making.”
The information within this highly sophisticated, data-driven new feature has been created and maintained by the Center for Systems Science and Engineering at the Johns Hopkins University. Data sources include the World Health Organization, the U.S. Centers for Disease Control and Prevention, National Health Commission of the People's Republic of China, the European Centre for Disease Prevention and Control, and DXY. The China data is automatically updating at least once per hour, and non-China data is updating manually.
The information will automatically be visible to users through the “live events” capability, and users have the option to turn this off if not required.
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.
