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Peer Analytics

Make your risk and insurance strategy work smarter with our standard and risk-adjusted benchmarking insights that combine placement data with robust actuarial metrics.

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Get more from your total cost of risk with our peer analytics and benchmarking capabilities.

Our brokers help you understand how markets see your risk and diagnose potential problems by calling on our placement data and actuarial insight.

You can make better, more informed decisions on your risk and insurance program with peer analytics that help you:

  • Benchmark your current insurance program by rate, retention and limit against your peers to reveal the comparative strength or weakness of your current insurance program
  • Highlight key problem areas in your current insurance program through frequency and severity benchmarking and market analytics, empowering you to make better decisions around your total cost of risk
  • Explore mitigation strategies and limit adequacy based on risk-adjusted benchmarking, creating a bridge between placement data, advanced analytics and KPIs
  • Define your own peer group to match the specific profile of your business, industry and global region to get risk-adjusted benchmarking perspectives most relevant to your organization
  • Visualize the impact of alternative pricing and risk retention scenarios through an interactive, decision-useful power BI dashboard
  • Open the door to actuarial views of your loss potential and the efficiency of your current coverage limits and risk mitigation strategies through our suite of advanced risk analytics.

Start your analytical risk management journey with peer analytics

Data-driven benchmarking insights pave the way for improved risk handling and enhanced insurance outcomes by harnessing deeper data-driven perspectives.

Our peer analytics offers your business an entry point into more advanced analytical risk management through our digitally enabled platforms.

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    Standard benchmarking

    Lets you see how your rates, limits and retention levels compare with your peers, alerting you to potential weaknesses and efficiencies, but without examining the underlying risk factors

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    Risk-adjusted benchmarking

    Builds on standard benchmarking with more nuanced analytics that let you understand how changes in risk profiles influence insurance program structures, helping you make more informed decisions on alternative strategies

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    Quantification modeling

    Uses advanced analytics to take deeper dives into risk factors and the impact of alternative program structures to seek greater value from your total cost of risk.

Take the first step towards harnessing data and WTW expertise to help protect your business and improve program efficiencies.

Ask your broker about what our peer analytics, benchmarking insights and advanced analytics could do for your total cost of risk.

Gain perspective with risk-adjusted benchmarking

Drive better risk and insurance value through data with Risk and Analytics at Willis. Integrating and connecting your transactional risk data gives you greater clarity and insight for enhanced decision making and better risk strategies.

In addition to standard benchmarking, we help you identify greater efficiencies through risk-adjusted benchmarking, which compares your current insurance program to peers by considering underlying risk factors.

With risk-adjusted benchmarking, you can answer questions central to achieving a better value risk and insurance approach, including:

  • What are the potential risk exposures for businesses in your sector that you may not have considered yet?
  • Is your risk and insurance approach leading to protection gaps when compared to your peers?
  • Are there emerging risks in your industry to which your peers are already responding?
  • What are the cost implications of your current risk management strategies compared to industry standards?
  • What are the impacts of alternative structures on your program’s efficiency and the protection of the business?
  • Can you demonstrate the value of your insurance pricing relative to the market?

Standard benchmarking layers by coverage group

What can you do with the information gained from Peer Analytics?

This data is for illustrative purposes. Source: WTW data

Risk adjusted benchmarking by limit and loss

This data is for illustrative purposes. Source: WTW data

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