WTW supports clients in turning catastrophe models into a strategic advantage. Through rigorous evaluation, calibration, and applied research, models are aligned with the latest scientific understanding, real-world loss experience, and emerging risk trends. This enables clients to make more confident, informed decisions across underwriting, risk management, and capital planning.
Natural catastrophe model evaluation
Regular evaluation ensures that the models remain up-to-date with the latest scientific knowledge, changing environmental conditions, and emerging risks. This is crucial for making informed decisions and maintaining competitiveness in the market. Additionally, evaluating these models helps insurers comply with regulatory requirements and optimize their risk management strategies.
The WTW View of Risk
The WTW View of Risk is our customized perspective on natural catastrophe risk. It is derived from catastrophe models and enhanced with insights from the WTW Research Network, model evaluations, and emerging trends like climate change. We also assist clients in developing personalized views that align with their specific exposures and risk appetites, enhancing risk quantification and decision-making.
Future climate change scenarios for insurers
Regulators and boards increasingly demand insurers to quantify their future climate change exposure. The best approach is to adjust natural catastrophe models, which are already embedded in risk management frameworks, allowing insurers to assess business impacts like pricing, capital, and risk tolerances. WTW helps clients develop scenarios, prepare regulatory submissions, and make informed decisions, including creating mitigation strategies.
Research innovations
WTW's innovations in natural catastrophe research offer clients fresh perspectives on their risk exposures and valuable insights into emerging threats. These advancements, which leverage advanced analytical techniques and Generative AI, empower clients to proactively manage their risks, optimize strategies, and build greater resilience against the increasing frequency and severity of natural catastrophes.
