Willis Towers Watson unveils new data and analytics tool for aerospace underwriters
Broker Willis Towers Watson has launched a new data and analytics tool for aerospace insurance that is designed to help mitigate risk and improve underwriting outcomes.
The customised tool, called IdentiFly, enables underwriters to analyse their underwriting book through multiple variables including geography or type of loss. It provides an in-depth audit trail as well as an anonymised peer group performance analysis.
“Aviation insurance rates have fallen continually making this an incredibly challenging market," said John Rooley, CEO, Willis Towers Watson global aerospace. "With increasing pressure upon insurers to make sure they have evaluated risks properly and efficiently, our wealth of analytical data from IdentiFly facilitates insurers’ underwriting decisions, supporting improved underwriting outcomes. We are delighted that our analytics capabilities could lead to improvements in our clients’ insurance policies.”
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