Willis Re Announces Expansion of Joint Marketing Arrangement with ISO to Include ISO Risk Analyzer® Personal Auto
New York, N.Y., April 25, 2012 – Willis Re, the reinsurance broking arm of Willis Group Holdings
(NYSE:WSH), the global insurance broker, today announced the addition of ISO Risk Analyzer Personal
Auto Vehicle Module to its existing joint marketing relationship with ISO. Effective immediately, Willis
Re will offer select clients the opportunity to license ISO Risk Analyzer Personal Auto Vehicle Module.
ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK).
ISO Risk Analyzer is a suite of predictive models that help insurers more accurately classify, segment and
price risks. The Personal Auto Vehicle Module, the latest addition to the ISO Risk
Analyzer suite, is a powerful analytic tool that uses vehicle characteristics to predict collision and comprehensive
losses at a highly granular level. The vehicle module represents a significant evolution in the
refinement and precision of vehicle symboling and vehicle rating.
Bret Shroyer, Senior Vice President of Willis Re, said, “For decades, ISO has been the industry leader
in providing tools that help insurers assess risk in relation to the vehicle being driven.
Now ISO has completely revolutionized these tools and is putting even more vehicle segmentation power in
the hands of the insurers.”
Willis Re believes predictive analytics will play a pivotal role in ensuring the growth and profitability of
insurers in an increasingly competitive environment. This business agreement with ISO aims to facilitate Willis
Re clients' efforts to revamp their risk assessment tools in a cost-effective and expeditious manner.
Alice Underwood, Executive Vice President and the head of analytics for Willis Re North America, said, “Insurers
exploring their options in predictive analytics should find ISO Risk Analyzer incredibly versatile. The model
outputs can be used directly as stand-alone analytics, and the components can also be used
as inputs to a customized model. We're delighted to bring these cutting-edge tools to Willis Re
Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For
a broad spectrum of commercial and personal lines of insurance, the company provides statistical, actuarial
underwriting, and claims information; policy language; information about specific locations; fraud identification tools; and technical
services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants
in the property/casualty insurance marketplace. ISO is a member of the Verisk Insurance Solutions group at
Verisk Analytics. For more information, visit www.iso.com and www.verisk.com.
About Willis Re
One of the world’s leading reinsurance brokers, Willis Re is known for its world-class analytic
capabilities, which it combines with its capital markets and reinsurance expertise in a seamless, integrated
offering that helps clients increase the value of their businesses. Willis Re serves the risk management
and risk transfer needs of a diverse, global client base that includes all of the
world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries
around the world. The broker’s global team of experts offers services and advice that help clients
make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information,
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and
delivers 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 17,000 employees serving clients in virtually every
part of the world. Additional information on Willis may be found at www.willis.com.
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