Willis Towers Watson Launches Property Loss Modeling Platform

Willis Towers Watson has launched a new technology platform to help organizations analyze potential property losses across a global portfolio with the aim of optimizing risk transfer and insurance strategies.

The new Property Quantified product models multiple perils in a single platform, including both catastrophe risks such as earthquake and hurricane and all other loss types such as fire and vandalism for organizations with physical locations anywhere in the world.

The tool leverages Willis Towers Watson’s proprietary algorithms and vendor models to deliver loss projections and assess insurance strategies in financial terms. The web-based, interactive platform allows users to make changes to their location data and to see the impact to loss potential immediately.

Property Quantified is the latest release in Willis Towers Watson’s interconnected suite of quantification models and can be used in combination with other tools to support an organization’s broader risk management strategy.