Willis Towers Watson’s new tool tracks COVID-19 cases against P&C portfolios
Broker Willis Towers Watson has launched a new risk and analytics tool that tracks COVID-19 pandemic cases against property and casualty (P&C) clients’ global assets.
The feature enables risk managers to assess their COVID-19 property exposure in real time.
The new feature provides up-to-date information on confirmed global COVID-19 cases alongside clients’ property total insured values by location. It also enables clients to easily track developments of the pandemic set against their property assets around the world.
The feature has been integrated into Willis Towers Watson’s Global Peril Diagnostic tool that evaluates clients’ property portfolios and assesses their exposure to comprehensive catastrophe risk, inclusive of terrorism and 12 natural perils.
“The economic impact of COVID-19 will clearly be significant, and organizations are under pressure to quickly identify and better understand their business interruption and workers compensation exposures triggered by this pandemic,” said Ben Fidlow, global head of Core Analytics, Corporate Risk and Broking, Willis Towers Watson. “Our new data- and analytics-driven feature will help clients through these efforts and enable them to enhance the practice of their proactive resiliency risk and business continuity decision making.”