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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.

RAPIDSM – 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

CCoRSM – 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 PIQSM – 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

PRISMSM – 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

WISDOMSM – 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.

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