What is the story about?
What's Happening?
Willis, part of the broker WTW, has announced the formation of a Global Risk Engineering team as an expansion of its Global Risk & Analytics business. This initiative aims to consolidate and elevate Willis's engineering capabilities, enhancing its ability to deliver specialized services powered by proprietary data, advanced analytics, and technology-enabled solutions. The team will provide assessments at both single-site and portfolio levels, helping clients achieve deeper insights, greater resilience, and measurable improvements in their total cost of risk (TCOR). With nearly 200 risk engineers operating across 30 countries, Willis combines global expertise with local specialization to support multinational and large organizations. The new proposition aligns proprietary data sets with specialized capabilities, offering tailored, data-enabled solutions that optimize risk management strategies, improve resilience, and maximize clients' return on investment.
Why It's Important?
The launch of Willis's Global Risk Engineering team is significant for industries and organizations seeking to enhance their risk management strategies. By leveraging advanced analytics and technology-enabled solutions, Willis aims to provide clients with customized, future-focused solutions that address emerging risks, ESG and climate goals, and broader strategic challenges. This initiative reinforces Willis's commitment to delivering differentiated, technology-driven risk engineering solutions that strengthen resilience, lower TCOR, improve risk quality, and empower organizations to make smarter, data-led decisions. The move is expected to benefit multinational and large organizations by providing them with deeper insights and measurable improvements in their risk management processes.
What's Next?
Willis's Global Risk Engineering team is expected to continue developing and refining its specialized capabilities, focusing on delivering tailored solutions that address the unique needs of different sectors. As the team expands its operations across various regions, it will likely engage with clients to navigate emerging risks and strategic challenges. The initiative may also prompt other industry players to enhance their risk management offerings, leading to increased competition and innovation in the field of risk engineering.
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