Operational Risk Solutions

Did you know that a reliance on traditional one-dimensional insurance limit benchmarking methods can leave you exposed to high levels of financial risk or wastefully over-insured?

At WTW, we confront this challenge head-on with in-house insurance analytics tailored to the unique facets of your business. Our three-dimensional approach seamlessly combines dynamic benchmarking, risk assessment models and industry knowledge. The clear colour-coded dashboard will allow you to assess your current insurance strategy in minutes and tailor it to your business. Using not just insurance buying data, but also industry loss experience and market pricing knowledge, we will help you to bridge the gap between you and your peers whilst being mindful of the unique facets of your business.

Understanding the risks you face is critical to managing them successfully. When knowledge is limited to the experiences of your own company, challenging the internal perception of risk can be difficult.

At WTW, we bring to you the collective experience of your industry to help strengthen your understanding of operational risk. Thanks to our comprehensive insurance claims data, we bridge the gap between your perception of risk and the reality of your industry. By leveraging our insights into the risk trends of your peers, you will gain a clearer and more accurate picture of the risks you face and how to mitigate them effectively. From challenging an already established risk register, to helping clients form their first, we are here to help.

If you are responsible for buying your company’s insurance, you know how challenging it can be to align your insurance policies with your unique risk profile. How do you ensure no gaps in coverage leave you exposed to unexpected losses, or overlapping policies resulting in unnecessary premiums and administrative costs?

At WTW, we have the knowledge, specialists and data to help you bridge the gap between your operational risk profile and your insurance policy language. Whilst traditional wording assessments are helpful to ensure your policies keep up with industry best practice, we aim to help you go a step further, looking across your portfolio of insurances to ensure your policies provide the specific cover you need for the risks you face. By assessing how your key risk scenarios are likely to play out, leveraging our extensive claims data, we evaluate how your insurance policies are expected to respond. Together we will secure the insurance coverage you need and enhance your business's resilience.

Do you want to optimize your capital allocation and improve your resilience by incorporating insurance into your capital frameworks?

At WTW, we have developed a robust methodology to assist you in bridging the gap between your insurance portfolio and your capital frameworks. Starting with a detailed analysis of your operational risk profile and the insurability of these risks, our methodology embeds insurance in your capital calculations, changing the composition of capital rather than the amount of capital you hold. Our solution will enable you to achieve growth and stability in the face of changing economic and regulatory environments, by leveraging the benefits of insurance as an alternative or complementary form of capital.