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Willis Towers Watson launches concierge data and analytics tool for aerospace insurance

New data and analytics tool supports improved underwriting outcomes

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By Sarah Booker | July 23, 2019

New data and analytics tool supports improved underwriting outcomes

LONDON, July 23, 2019 - Willis Towers Watson (NASDAQ: WLTW) today launches a new customised data and analytics tool, IdentiFly, that improves risk profiling for aerospace insurance. The tool validates underwriting strategy and provides an in-depth audit trail as well as offering anonymised peer group performance analysis.

With increasing pressure upon insurers to make sure they have evaluated risks properly and efficiently, our wealth of analytical data from IdentiFly facilitates insurers’ underwriting decisions, supporting improved underwriting outcomes.”

John Rooley
CEO, Willis Towers Watson Global Aerospace

IdentiFly enables underwriters to analyse their underwriting book through multiple variables including by geography or type of loss.  Data gathering supports timely risk mitigation, whilst there are operational cost efficiencies to be gained through the outsourcing of data collection.

John Rooley, CEO, Willis Towers Watson Global Aerospace, said “Aviation insurance rates have fallen continually making this an incredibly challenging market.  With increasing pressure upon insurers to make sure they have evaluated risks properly and efficiently, our wealth of analytical data from IdentiFly facilitates insurers’ underwriting decisions, supporting improved underwriting outcomes. We are delighted that our analytics capabilities could lead to improvements in our clients’ insurance policies”

The development of IdentiFly by the Aerospace team highlights an innovative approach to data analytics and the importance of partnership to mitigate risk, for the ultimate benefit of clients and the Aerospace insurance market.

For more information about IdentiFly – just click here.

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 over 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.

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