Willis Towers Watson, the global advisory, broking and solutions company, announced a partnership with Polecat Intelligence Ltd,, a business intelligence and data analytics company.
Together, they are developing insurance solutions that enable organizations to respond to the rapidly changing, increasingly complex and interconnected challenges they now face. Polecat data will support Willis Towers Watson solutions in areas such as life sciences, reputational and product recall risk as well as D&O.
Through this partnership Willis Towers Watson said it will utilize Polecat’s artificial intelligence and machine learning to provide real-time risk insight from the world of unstructured data. The partnership will support Willis Towers Watson clients in developing risk mitigation strategies and transfer mechanisms enabling them to navigate an increasingly complex world.
“Information and the way that people access it to develop their perception of an organization or situation has changed radically, for both the private and public sector. Organizations find themselves in a volatile and dangerous reputational environment,” said Garret Gaughan, head of Global Markets P/C Hub, Willis Towers Watson.
“The partnership with Polecat enables Willis Towers Watson to offer clients real-time insight to public opinion through analysis of social media. By working with a partner able to analyze unstructured data in real time we are able to design and implement risk mitigation mechanisms for our clients,” he added.
“Polecat exists to provide foresight for corporate boards and executive leadership teams to make better decisions on emerging risks and opportunities,” said James Lawn, co-CEO of London-based Polecat, which helps corporations analyze and manage risks that affect corporate environmental, social and governance (ESG) concerns and reputation.
“Corporate boards and executive leadership teams are looking for insurance and technology that enables them to manage and mitigate their emerging risks that impact their business landscape, the global economy and the world around us. In partnership with Willis Towers Watson and Polecat, we can do this,” he added.
Source: Willis Towers Watson
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