Willis Re
Challenge
Willis wanted to make a faster and more accurate assessments of its client’s exposure based on location data. By providing a better understanding of the level of exposure at individual points on the map, it wanted to help its clients better estimate potential losses to ensure they purchase the correct amount of coverage at the right price.
Solution
The Pitney Bowes Spectrum Technology platform enables Willis to undertake sophisticated analysis into a client’s potential exposure based on the location and concentration of risk against a number of perils such as flood, wind, earthquake, explosion and bush-fire. This platform has a greater geographic coverage than was previously available to Willis from other third parties.
Category: Insurance