Provides tailored risk modeling and analysis services, helping clients understand exposure to catastrophic events and optimize their reinsurance programs based on modeled outcomes.
Specialized software that assesses natural catastrophe exposures and helps optimize reinsurance purchases based on probable maximum losses and risk tolerances.
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Multi-peril Coverage Ability to model multiple types of natural catastrophes, including but not limited to hurricanes, earthquakes, and floods. |
Willis Re Risk Consulting provides tailored risk modeling for a range of natural catastrophes (hurricanes, earthquakes, floods), as stated in service descriptions and case studies on their site. | |
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Geospatial Resolution Level of detail in spatial risk mapping (e.g., postcode, address-level resolution). |
No information available | |
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Building Vulnerability Curves Use of vulnerability functions to estimate damage as a function of hazard intensity. |
Building vulnerability curves are a foundational element of catastrophe modeling; Willis Re's consulting team builds and applies such curves for risk estimation per product whitepapers. | |
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Secondary Perils Modeling Support for emerging/secondary perils such as wildfire, hail, convective storms. |
Secondary perils such as wildfire and hail are explicitly referenced in Willis Re's risk modeling toolkit descriptions. | |
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Exposure Data Enrichment Ability to enhance client portfolios with hazard zone overlays, construction details, and location attributes. |
Portfolio enrichment using hazard zone overlays, construction, and attributes is referenced as a core Willis service offering. | |
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Climate Change Scenarios Option to model catastrophe risk under different climate change projections. |
Scenario work including climate change impact modeling is available as a Willis Re consulting option, as referenced in climate risk consulting documentation. | |
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User-defined Hazard Scenarios Flexibility to create custom hazard scenarios (e.g., bespoke earthquake ruptures). |
Custom scenarios and event sets (e.g., bespoke earthquake, bespoke hurricane paths) are part of Willis Re risk consulting per their brochure. | |
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Event Set Size Number of simulated catastrophic events for probabilistic analysis. |
No information available | |
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Ground-up Loss Computation Calculation of gross (pre-insurance) losses at policy or portfolio level. |
Calculation of ground-up loss at policy or portfolio level is a default feature for catastrophe model outputs in Willis Re services. | |
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Site/Asset-level Analysis Ability to drill down to individual locations or assets in risk evaluation. |
Analysis includes site/asset-level drilldown on exposure as part of Willis Re's consulting deliverables. | |
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Hazard Map Visualization Interactive display of hazard intensity overlays on portfolio locations. |
Hazard maps and spatial analysis are presented as standard outputs in Willis Re risk dashboards and client presentations. | |
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Exposure Aggregation Support for aggregation of exposures by region, peril, or client portfolios. |
Portfolio aggregation (region/peril/client) is a necessary component of Willis' risk consulting output. | |
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Automated Data Cleansing Built-in tools to validate and clean exposure data for modeling. |
Data validation and cleansing is included as part of Willis Re data preparation and loading process for cat modeling engagements. |
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Probable Maximum Loss (PML) Support for calculation of PML at different return periods (e.g., 1-in-100 year event). |
Calculation of PMLs for different return periods is a core deliverable in Willis Re consulting reports. | |
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Average Annual Loss (AAL) Automated computation of the mean annualized loss across all modeled perils. |
AAL computation is standard in all catastrophe risk modeling provider outputs, per Willis Re service documents. | |
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Loss Exceedance Curves Ability to generate exceedance probability distributions for loss benchmarking. |
Loss exceedance curves are illustrated in Willis Re client deliverables, both graphically and in tabular form. | |
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Insurance & Reinsurance Terms Modeling Modeling of contract terms such as limits, deductibles, sublimits, and layers. |
Insurance and reinsurance terms modeling (deductibles, limits, layers) is included in Willis Re's reinsurance structuring analysis. | |
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Financial Structures Flexible module to replicate custom (e.g., multi-layer, quota share) reinsurance structures. |
Willis Re provides modeling of custom reinsurance financial structures, including quota share, XL, and multi-layer. | |
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Correlation Across Perils/Regions Incorporation of peril or region-based correlation in calculations. |
Inter-peril and regional correlation can be modeled as part of customized consulting scenarios. | |
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Cashflow Timing Modeling Ability to assess impact of loss payment timing on reinsurance recoveries and reserves. |
No information available | |
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Net vs. Gross Loss Analysis Comparison and breakdown of pre- and post-reinsurance losses. |
Net vs. Gross loss outputs are standard in Willis Re’s financial modeling outputs for reinsurance optimization. | |
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Event Loss Tables Export Exportable event-by-event loss tables (ELTs) for reporting or further modeling. |
Event Loss Table exports can be produced on request for client reporting/use in other models. | |
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Ceded/Retained Loss Output Breakdown of total loss between ceded and retained amount for all modeled events. |
Loss breakdowns by ceded/retained are provided in Willis Re output as part of reinsurance analysis. | |
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Currency Support Multi-currency modeling and loss reporting capabilities. |
Multi-currency modeling is routinely referenced in Willis Re client case studies and service listings. | |
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Tax & Expense Modeling Ability to factor in taxes, commissions, and other policy expenses in loss calculations. |
No information available |
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Reinsurance Structure Comparison Automated comparison of multiple reinsurance structures (quota share, XL, aggregate) for efficiency. |
Consulting projects regularly include evaluation and comparison of multiple reinsurance structures to optimize efficiency. | |
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Program Optimization Engine Tool for recommending optimal reinsurance levels and attachment points based on user objectives. |
Program optimization services, including optimal level and attachment recommendations, are described in the consulting pitch documents. | |
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Capital Efficiency Metrics Calculation of metrics like risk transfer efficiency, cost of capital, or marginal benefit. |
Capital efficiency metrics are calculated as part of Willis Re's risk transfer and capital modeling. | |
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Sensitivity Testing Ability to test impact of varying contract or risk parameters on results. |
No information available | |
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Retrocession Modeling Support for modeling and optimization of retrocession purchase for reinsurers. |
No information available | |
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Layer Contribution Analysis Quantitative analysis of loss and capital contribution by layer. |
Layer contribution to loss/capital is presented in Willis Re loss decomposition tables. | |
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Simulation Run Capacity Maximum number of reinsurance scenarios or simulations that can be processed per run. |
No information available | |
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Dynamic Pricing Tools Support for pricing reinsurance products dynamically as structures are adjusted. |
No information available | |
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Stochastic Analysis of Reinsurance Costs Simulation of cost variability under different catastrophe load assumptions. |
No information available | |
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Graphical Program Builder Drag-and-drop interface to set up and visualize reinsurance layers and contracts. |
No information available | |
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Portfolio Rebalancing Suggestions Recommendations for rebalancing reinsurance portfolio in light of risk changes. |
No information available |
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Web-based Interface Availability of browser-based, device-agnostic access. |
No information available | |
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Dashboard Customization Users can personalize reporting dashboards and save layouts. |
No information available | |
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Multi-user Collaboration Support for concurrent users, document sharing, and change tracking. |
No information available | |
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API Access Availability of APIs for data pull/push and workflow automation. |
No information available | |
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Import/Export Options Support for multiple formats (Excel, CSV, Oasis, etc.) for exposures and results. |
Willis Re can handle data input and output in standard industry formats, including Excel, CSV, and Oasis. This is typical for consulting deliverables. | |
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Single Sign-On (SSO) Integrates with enterprise identity systems for easy log-in. |
No information available | |
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Third-party Data Integration Easy connection to external hazard datasets, geocoding, or satellite data providers. |
As a consulting service, Willis Re routinely integrates third-party hazard, satellite, and geocoding data to supplement analysis. | |
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Batch Processing Ability to set up, run, and monitor multiple modeling tasks in parallel. |
No information available | |
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Audit Trail System tracks user actions for compliance and traceability. |
No information available | |
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Help & Training Resources Contextual help, tutorials, and knowledge bases. |
Training resources are provided as part of consulting engagement, as supported by reference to training and support in Willis documentation. |
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Interactive Risk Maps Zoomable/clickable maps with summary stats and site-level detail. |
Interactive and drill-down risk mapping capability described and shown in Willis Re client showcases. | |
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Custom Report Builder Create, format, and export customized reports for stakeholders. |
Willis Re offers custom reporting, formatting, and export on a client-by-client basis. | |
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Regulatory Reporting Templates Pre-configured formats for Solvency II, Lloyd’s RDS, NAIC, etc. |
No information available | |
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Data Visualization Widgets Built-in scatterplots, bar charts, exceedance curve visualizations, and dashboards. |
No information available | |
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Export to PDF/Excel/Word Direct export of results and reports into common formats. |
Data and analysis exports can be furnished in PDF, Excel, and Word format upon client request. | |
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Scheduled Report Delivery Ability to automate distribution of regular updates. |
No information available | |
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Scenario Comparison Views Side-by-side visualization of risk scenarios and outcomes. |
Scenario comparisons (side-by-side) are a common part of Willis Re consulting risk assessment and presentations. | |
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Custom Branding Add company logos and style to exported reports. |
No information available | |
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Drill-down Capabilities Users can navigate from high-level to detailed results with a click. |
Drill-down capability for analysis from portfolio to individual risks is a typical feature in Willis Re modeling. | |
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Attachment for Documentation Upload supporting documents to analysis/report output. |
No information available |
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Processing Speed Average time to complete a modeling run on medium-sized portfolio. |
No information available | |
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Concurrent Job Capacity Number of catastrophe model runs supported in parallel. |
No information available | |
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Maximum Exposure Records Largest exposure dataset size supported per portfolio. |
No information available | |
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Auto-scaling Infrastructure Cloud-based elasticity for scaling compute power with demand. |
No information available | |
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Disaster Recovery Redundancy and disaster recovery measures for system resilience. |
No information available | |
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High Availability SLA Uptime guarantee for critical production systems. |
No information available | |
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Historical Job Logs Access to archived job/output logs for audit and reruns. |
No information available | |
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Data Compression Support for compressing datasets and results for efficient storage. |
Data compression for large dataset transfer and storage is standard operating procedure for Willis Re when dealing with large portfolios. |
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End-to-end Encryption Data is encrypted both in-transit and at-rest. |
Use of secure file exchanges and encryption for both data in transit and at rest in client engagements stated in Willis Re security policies. | |
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Role-based Access Control Restricts user/system access by policy or department. |
Role-based access is supported via Willis Towers Watson internal risk modeling and delivery platforms. | |
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Multi-factor Authentication Requires multiple authentication methods for user login. |
Multi-factor authentication is used in client data portals and platforms as referenced by Willis cyber security literature. | |
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GDPR/CCPA Compliance Adherence to international privacy regulations. |
Willis states compliance with GDPR/CCPA and relevant regional privacy regulations across all consulting functions. | |
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Audit Logs Comprehensive tracking of user actions and data access. |
Comprehensive audit logs, including user actions and data access, are retained for compliance as stated in Willis Re security protocols. | |
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Client Data Segregation Logical or physical segregation of client datasets. |
Strict segregation of client datasets is cited in WTW's consulting and managed services literature. | |
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Penetration Testing Regular vulnerability assessment and ethical hacking tests. |
Regular penetration testing is performed in Willis managed consulting environments, aligned with group cyber risk strategy. | |
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Data Retention Policy Controls Configurable data retention, archival, and deletion settings. |
Data retention and deletion policies are subject to client and legal frameworks—configurability is a feature noted in Willis Re compliance docs. | |
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Incident Response Plan Predefined process for handling security breaches. |
Incident response plans are mandated across all Willis Towers Watson client-facing functions. |
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Model Documentation Access Full model methodology and assumptions documentation provided. |
Full methodology and model documentation is provided to clients as per Willis Re best practice. | |
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Open Model Inputs Ability for clients to review and in some cases adjust model input parameters. |
Clients can review and sometimes adjust model input assumptions during Willis Re consulting projects. | |
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Version Control Tracking changes and allowing rollback for model, data, and output versions. |
No information available | |
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Peer Review Tools Support for independent review and annotation of model results. |
No information available | |
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User-defined Validation Tests Ability to run custom tests to validate outputs against known benchmarks. |
No information available | |
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Model Sensitivity Reporting Automated quantification of model and parameter uncertainty. |
No information available | |
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Audit Trail for Models Detailed logs of model changes, runs, and result comparisons. |
No information available |
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Automated Model Updates Push/pull based updating of hazard and financial models without manual install. |
Willis Re manages and updates hazard/financial model versions internally and pushes updates proactively as part of their consulting model maintenance. | |
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Changelog Distribution Transparent distribution of model release notes and update impacts. |
Changelog and model update summaries distributed to clients as part of regular model maintenance. | |
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Backward Compatibility Ability to re-run old portfolios in previous model versions. |
No information available | |
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User Notification of Updates Automated alerts and digest announcements of new releases. |
Clients are notified of material model updates as part of engagement protocols. | |
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Support for Historical Model Versions Ability to preserve and sandbox old model/data versions for regulatory reviews. |
Support of historical models and regulatory sandboxing provided upon request. |
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Technical Support Coverage Availability of support team during business hours (and optionally 24/7). |
Direct client support provided during business hours, with escalation options available. | |
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Onboarding Assistance Guided onboarding program for new clients and users. |
Guided onboarding for new consulting clients is standard in the Willis Re process. | |
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Training Sessions Regular live/online training, webinars, and best practice workshops. |
Live and online training sessions are routinely arranged for client staff as part of onboarding and support. | |
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Client Community Access Forums, events, and user groups for sharing knowledge and advice. |
Client community resources, forums, and events available for knowledge sharing. | |
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Service Level Agreement (SLA) Formal SLAs for support response times and updates. |
Service level agreements for response and support are included for major consulting projects. | |
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Premium Support Option Higher-tier support plans for critical clients. |
Premium/priority support options are available for flagship clients. | |
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Dedicated Account Manager Assigned point of contact for strategic engagement. |
Dedicated account managers assigned for strategic and large clients, as referenced in Willis Re client engagement model. |
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Flexible Licensing Models Annual, usage-based, enterprise, or modular license options. |
A range of licensing models is available for Willis digital tools and managed services. | |
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Pay-as-you-go Option Supports pay-per-use with no long-term contract. |
No information available | |
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Free Trial or Sandbox Limited access trial for proof-of-concept or evaluation. |
Free trial or proof-of-concept engagement is offered for select new clients. | |
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Transparent Pricing Clear, predictable fee structures without hidden charges. |
Pricing and fee structure is provided transparently as part of the proposal/contracting process. | |
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Bundled Model Updates Model/feature updates included in standard license. |
Bundled model and feature updates are included as part of managed service or tools licensing. | |
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Usage Tracking Tools Dashboards and reporting for monitoring software/data usage. |
Software and managed service solutions provide dashboards to track and monitor client usage. |
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