Willis HRH Enhances Offering to Pooled Risk Clients with New Technology Platform
New York, NY, October 10, 2008 - Willis HRH, the North American unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that it has partnered with DAVID Corporation to provide NavRisk™ Policy, its technology-enabled underwriting and policy administration system, to the company’s public entity and other pooled risk clients. NavRisk Policy is an industry-leading platform that Willis HRH has deployed to deliver a comprehensive business solution to risk pools and other alternative risk clients.
“Willis HRH is pleased to offer NavRisk to our risk pooling clients, as their need to deliver superior services at low cost to pooled insureds has never been higher,” said John T. Hayden, Executive Vice President and Practice Leader for Willis HRH Pooling. “As the only major broker with a staff devoted solely to risk pooling, Willis HRH Pooling is uniquely positioned to offer the professional support that public entities require if they want to thrive in an increasingly complex risk environment. We view DAVID Corporation’s technology as an essential tool to help Willis HRH serve its clients with more reliability, greater speed, and even higher overall service quality.”
Tailored to the proprietary business processes of each Willis HRH client, NavRisk Policy more efficiently manages the labor-intensive and data-driven operations of the pool, and provides access to real-time information. Tasks such as providing quotes, invoicing and issuing policies, performing “what-if” analyses, adding and deleting exposures, and providing a transaction-level audit trail for an individual pooled risk member can now be accomplished within a single System.
Through its exclusive focus on pools, use of proprietary analytical tools, a unique underwriting and service platform, dissemination of thought leadership, and a cadre of risk mitigation consultants, Willis HRH Pooling provides cost-efficient risk transfer and insurance services to more than 3,200 counties, cities, school districts, towns, religious institutions and hospitals. Among its many client relationships, Willis HRH Pooling positively impacts the budgets of more than 750 school districts educating two million children. It has been serving clients for over 25 years.
Willis Group Holdings Limited is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 20,000 Associates serving clients in some 190 countries. Additional information on Willis may be found at www.willis.com.
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