SCIENCE BASED MARKET RECOMMENDATIONS FOR OUR CLIENTS.
THE WORLD’S MOST ADVANCED INSURANCE PLACEMENT PLATFORM
Willis Associates worldwide are now using a unique new application that will allow them demonstrably to develop client solutions with the best markets, price and terms and thus deliver The Willis Cause in everything they do.
The process introduces science and greater transparency to the centuries old art of insurance broking. To be precise, data about insurers' risk appetites is gathered by Willis placement professionals and imported into the WillPLACE MarketMatch tool. This information is then correlated online with a database of what risks insurers are currently writing. Working with their Willis advisor, clients are able to weight their priorities, whether they seek an insurer based on price, specialty, geography or financial security. These criteria are electronically matched with carrier data and recommendations are made.
By the end of the first quarter of 2012, WillPLACE was rolled out across 14 key markets, including the UK, US, Brazil, Argentina, Germany and Canada. More than 70 percent of premium that Willis places into the insurance market will go through WillPLACE.
Carriers that wish to discuss WillPLACE to ensure that their appetites are correctly reflected in the WillPLACE system should contact email@example.com.
Appetite changes are reviewed and uploaded into Market Match on a quarterly basis; see below for the timetable for receipt of amended Carrier appetites and publication into Market Match.
Deadline for receipt of carrier appetites:
Publication into Market Match:
7 Dec 2013
1 Feb 2014
6 Mar 2014
1 May 2014
6 June 2014
1 Aug 2014
6 Sept 2014
1 Nov 2014
Please get in touch with Willis Global Placement to find out more.
Alastair Swift, CEO of Global Placement is joined by the Rt. Hon. David Willetts MP, UK Minister of State for Universities and Science to congratulate Willis on the launch of WillPLACE
Anthony Siggers, Group Knowledge Director explains the cutting edge Market Match algorithms that power WillPLACE
Left to right: Todd Jones, (President of Willis North America) Alastair Swift (CEO Global Placement), Anthony Siggers (title above) and Janet Pane (Managing Director – Placement, North America).