By analysing thousands of claims reported by our clients each year we can help build this knowledge. We look at new matters notified to insurers. This is important to understand trends in claims that are being reported. We also analyse claims where payments are made so that we can understand the financial impacts to our clients
We are then able to provide insight to clients in areas such as:
- The divisions/practice areas of an insured’s business that lead to claims
- The types of claims and their root causes
- How much different types of claims cost, both insured and un-insured elements.
From attritional losses to events over $1bn, we identify causations, control failures and risk management lessons learned.
This is an added value service for clients of Willis Towers Watson.