WTW has joined forces with Riskonnect to pilot an analytical delivery tool that connects claims and exposure data through its new WTW Risk IQ API, with the goal of helping clients better evaluate their claims data to identify, assess and quantify inefficiencies, and reduce errors and anomalies by eliminating manual processes.

John Merkovsky, global head of risk and analytics, WTW, said: “We are delighted to be partnering with Riskonnect to augment their capabilities with our industry leading analytical capabilities. We initially established the Risk IQ model to enable clients to streamline data and help drive better risk mitigation outcomes as well as provide efficiencies and cost savings. The latest enhancement to the Risk IQ platform is our Workers’ Compensation Diagnostic tool, and we look forward to rolling out other tools.”

Jim Wetekamp, CEO, Riskonnect, added: “Riskonnect is thrilled to partner with WTW to provide our customers direct access to its leading risk analytics and modelling platform, Risk IQ. The partnership adds significant value for our customers, empowering them with additional tools to quantify, analyse, and stay ahead of ever-changing risks. And it furthers Riskonnect’s mission of helping organisations transform the way they perceive and manage risk, by providing the most advanced technologies available.”

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