Willis, a WTW business, has announced an expansion of its long-standing partnership with Zywave, an insurtech provider, through the integration of Zywave’s Benchmark API into Willis’ Risk IQ analytics suite.
This development enhances Willis’ ability to deliver more sophisticated insights and advisory services to clients across the globe.
The Risk IQ platform supports clients in streamlining insurance due diligence and optimisation processes. By leveraging tailored risk analytics, it helps organisations identify coverage gaps, evaluate counter party risks, and improve overall risk management strategies.
With the addition of Zywave’s Benchmark API, Willis can now merge its proprietary data with high-quality external loss data and benchmarking intelligence.
This integration enhances the depth and precision of analysis, offering clients improved transparency for board reporting, strategic reviews, and forecasting. It also empowers Willis risk advisors to detect emerging patterns, such as social inflation, and deliver more accurate, data-driven guidance on risk and exposure.
Ultimately, this collaboration allows Willis clients to gain a clearer understanding of their competitive position within the industry and supports the development of tailored strategies for improved performance and resilience.
“We want our clients to be as informed about risk and the insurance marketplace as possible,” commented Ben Fidlow, Head of Core Analytics at Willis. “By integrating Zywave’s benchmark API into our Risk IQ solution, we are providing a broader view of risk and delivering insights more efficiently to our clients.”
Jim Blinn, Principal Account Executive at Zywave, added: “We’re thrilled to deepen our partnership with Willis. The Benchmark API was designed to transform how brokerages leverage data, and Willis is leading the way in applying this technology to deliver measurable value to their clients.”
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