Willis Re bolsters US wildfire risk insight

Willis Re has launched a new solution for assessing US wildfire risk, and specifically how it correlates to a company’s portfolio level exposure. The new solution will be delivered at the point of quote through a partnership with geospatial analytics hub, SpatialKey, and builds on work initiated with the reinsurer’s wildfire risk score in 2016.

Vaughn Jensen, executive vice-president, Willis Re said: “The Willis Re Wildfire Score provides the framework for our clients to achieve meaningful portfolio and underwriting improvements with the least amount of disruption. We are also pleased to extend the scope of our partnership with SpatialKey and continue to explore how collectively we can deliver superior value to our clients.”

Tom Link, CEO and Founder, SpatialKey added: “At SpatialKey, we help clients enable, enrich, and analyse data across underwriting, exposure management, and claims workflows. Our insight hub brings together expert content from over 20 data providers across multiple perils into a single platform. This initiative with Willis Re extends the reach of our underwriting platform and allows Willis Re to quickly, contextually, and flexibly deploy hazard data to their clients at their point of quote. We are excited to explore how we can bring operational efficiency to the market through our partnership."

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