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Success Story

Earthquake losses prompt revised pricing approach for CAT risks

Insurance Consulting and Technology
Insurer Solutions

January 12, 2019

A joint team of Insurance Consulting and Technology and Willis Re helped an insurer to monitor exposure aggregation and to include high resolution CAT elements in pricing processes.

The Client Challenge

Following high losses from recent natural catastrophes, this insurer recognized a need to better monitor its exposure concentrations and to differentiate according to catastrophe (CAT) risk in pricing and underwriting processes.

Our Solution

Our Insurance Consulting and Technology business, together with Willis Re, developed a methodology for integrating natural perils hazard data into underwriting performance monitoring dashboards and pricing tools. This drew on proprietary modeling and software developed by Willis Towers Watson.

The Outcome

The solution allowed the client to monitor exposure aggregation, avoid greater levels of business development in high risk areas, anticipate future reinsurance needs, target localized risk mitigation communication exercises and to include high-resolution CAT elements in pricing processes.


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