Willis

To help our clients derive maximum value from their enterprise risk management programs, Willis employs a number of proprietary processes ranging from a very robust business risk assessment process to a number of analytical tools. All are designed to help organizations make the most informed and rational decisions about employing risk mitigation capital.

RAPID^SM – RISK ASSESSMENT AND PROBABILITY IMPACT DIAGNOSTIC

• Identifies, articulates and assesses major risks across the organization or in a specific part of the organization
• Generates a comprehensive risk register, risk map and other high-impact graphic outputs in real time
• Identifies practical risk improvement strategies to reduce the likelihood and/or impact of risks
• Captures consensus views on the underlying vulnerabilities existing within the organization that drive or exacerbate risk

CCoR^SM – COMPREHENSIVE COST OF RISK

• Determines the optimal program structure: the combination of limit, retention and premium that most efficiently balances risk retention and risk transfer
• Objectively measures the value derived from different risk financing structures
• Decreases reliance on speculation, external benchmarking and rule-of-thumb assessments in making risk financing decisions
• Places insurance purchasing into the organization’s same capital efficiency framework where other investment decisions are made

Loss PIQ^SM – PROSPECTIVE IDENTIFICATION & QUANITIFICATION

• Quantifies low frequency/high severity risks (e.g., operational risk, product recall, E&O, cyber, etc.)
• Determines the expected (average) loss over time along with return periods for large losses as well as a credible measurement of risk volatility
• Reduces reliance on benchmarking
• Provides an analytic basis for determining optimal risk finance program structure

PRISM^SM – PRIVACY RISK INSURANCE STRATEGY MODEL

• Estimates both the likelihood and magnitude of losses related to privacy risk
• Provides a rational basis for evaluating the self-insurance option
• Combines input from robust public domain databases with client-specific risk factors
• Calculates the value of potential program structures using CCoR methodology

WISDOM^SM – WILLIS INTEGRATED SOLUTIONS D&O MODEL

• Estimates both the likelihood and the magnitude of future D&O losses stemming from securities class action litigation
• Uncovers and addresses company-specific accounting, corporate governance and high-risk event metrics that major D&O underwriters are evaluating to determine program structure, retention levels and pricing
• Provides more objective, quantitative support for D&O risk financing decisions
• Determines the optimal insurance program structure for each D&O risk

In addition to our proprietary analytic tools, Willis also provides customized analytic solutions designed to provide decision support for specific enterprise risks.