Latest news with #WTW
Globe and Mail
7 days ago
- Business
- Globe and Mail
WTW appoints Eric McMurray chairman of Health, Wealth & Career and Anne Pullum as global Health & Benefits business leader
NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- Towers Watson, a WTW business, (NASDAQ:WTW), today announced the appointment of Eric McMurray as Chairman, Health, Wealth & Career (HWC). In this role, McMurray will support M&A readiness, strategy execution, client growth and senior leadership development. The role will be effective July 1 as McMurray completes his current role as global head of Health & Benefits. Anne Pullum has been appointed to succeed McMurray as the global leader of the Health & Benefits business. She will also continue her role as co-head of Corporate Development and, as such, serve on WTW's executive leadership team. Previously, Pullum was the head of Corporate Risk & Broking for Europe and head of strategy for WTW. 'Eric's thoughtful and strategic leadership transformed our substantial H&B business into an even stronger one over the past few years,' said Julie Gebauer, President of Health, Wealth & Career. 'I'm pleased we will have Eric's energy focused on HWC's next phase.' 'With Anne we have an experienced leader who understands both the consulting and broking sides of our Health & Benefits business. She is ready to build on the successes so we can bring vital healthcare coverage and benefits – and breakthroughs that matter – to even more people.' About WTW At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Media contacts
Yahoo
7 days ago
- Business
- Yahoo
e2Value rolls out risk assessment tool for home insurers
e2Value has introduced a new risk assessment tool to improve underwriting accuracy in the home insurance market. The new tool, Structure Insurance Score (SIS), has been developed over seven years in collaboration with WTW and is now fully owned by e2Value. It offers a granular approach to home insurance pricing, providing small to mid-sized insurance carriers with advanced analytics previously available mainly to larger insurers, the company claims. SIS evaluates the structural characteristics of individual properties, analysing more than 100 data points per home. This allows it to assess how a property might respond to perils such as fire, water, weather, theft and liability, identifying nuanced risk factors often missed by traditional methods. Unlike conventional approaches that rely on basic property features like the number of bathrooms, storeys or roof age, SIS delves deeper. It uses e2Value's AI-powered technology, drawing on a dataset of millions of residential policies including premiums, structural data and loss history. The tool incorporates cost modelling across various peril categories and integrates geospatial analytics to refine risk assessments down to ZIP code levels. This ensures pricing reflects local conditions rather than broad geographic averages or distant market cost multipliers. e2Value stated that SIS' data strategy has been refined through decades of monitoring losses from major events like hurricanes and fires. SIS is designed to offer a competitive advantage, particularly for smaller insurers without in-house analytics teams, the company noted. It enables better segmentation, helping carriers identify high-risk properties that could affect loss ratios while recognising homes eligible for premium discounts. Offered on a subscription basis, SIS makes advanced risk analytics accessible to carriers of all sizes. It allows them to make informed underwriting and pricing decisions with insights once exclusive to larger insurers with proprietary tools. The tool leverages AI and extensive datasets to tackle long-standing challenges in property risk modelling. e2Value CEO and co-founder Todd Rissel said: 'We believe this is a watershed moment for us as well as the insurance industry at large. With the launch of SIS, this helps our clients advance beyond more traditional underwriting methods that rely on more generalised data points. "SIS is a precision instrument that can redefine how risk is understood and priced in the market. It can do what make-and-model scoring did for auto insurance.' "e2Value rolls out risk assessment tool for home insurers " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
e2Value rolls out risk assessment tool for home insurers
e2Value has introduced a new risk assessment tool to improve underwriting accuracy in the home insurance market. The new tool, Structure Insurance Score (SIS), has been developed over seven years in collaboration with WTW and is now fully owned by e2Value. It offers a granular approach to home insurance pricing, providing small to mid-sized insurance carriers with advanced analytics previously available mainly to larger insurers, the company claims. SIS evaluates the structural characteristics of individual properties, analysing more than 100 data points per home. This allows it to assess how a property might respond to perils such as fire, water, weather, theft and liability, identifying nuanced risk factors often missed by traditional methods. Unlike conventional approaches that rely on basic property features like the number of bathrooms, storeys or roof age, SIS delves deeper. It uses e2Value's AI-powered technology, drawing on a dataset of millions of residential policies including premiums, structural data and loss history. The tool incorporates cost modelling across various peril categories and integrates geospatial analytics to refine risk assessments down to ZIP code levels. This ensures pricing reflects local conditions rather than broad geographic averages or distant market cost multipliers. e2Value stated that SIS' data strategy has been refined through decades of monitoring losses from major events like hurricanes and fires. SIS is designed to offer a competitive advantage, particularly for smaller insurers without in-house analytics teams, the company noted. It enables better segmentation, helping carriers identify high-risk properties that could affect loss ratios while recognising homes eligible for premium discounts. Offered on a subscription basis, SIS makes advanced risk analytics accessible to carriers of all sizes. It allows them to make informed underwriting and pricing decisions with insights once exclusive to larger insurers with proprietary tools. The tool leverages AI and extensive datasets to tackle long-standing challenges in property risk modelling. e2Value CEO and co-founder Todd Rissel said: 'We believe this is a watershed moment for us as well as the insurance industry at large. With the launch of SIS, this helps our clients advance beyond more traditional underwriting methods that rely on more generalised data points. "SIS is a precision instrument that can redefine how risk is understood and priced in the market. It can do what make-and-model scoring did for auto insurance.' "e2Value rolls out risk assessment tool for home insurers " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
BBC News
02-06-2025
- Business
- BBC News
Ipswich's Willis office building designed by Norman Foster is 50
One of the most "revolutionary" office buildings in Suffolk is celebrating its 50th all-glass exterior Willis building in Ipswich was opened on 2 June 1975 with a roof-top garden and an indoor swimming was one of the first buildings designed by Norman Foster - one of Britain's foremost architects whose other buildings include London's Gherkin, the main terminal building at Stansted Airport in Essex and the Sainsbury Centre in Norwich. The Willis building was described by world-renowned architect Zaha Hadid as "a timeless classic, a vision of what is possible". The Grade I listed building, occupied by WTW (Willis Towers Watson), is one of the landmarks in Ipswich town centre with its contours based on the curvy glass vases of the 1930s. Its glass exterior changes colour with the light and reflects the buildings, streetlights, traffic and skies on the corner of St Peters Street and Franciscan the building's interior is lit up at night, the pipes and workings can be seen through the glass. Speaking to BBC Radio Suffolk last month, Lord Foster said: "It was revolutionary then and perhaps in many ways it still is."He said in the 1970s a typical office building would have been a tower, but building "low and deep" in the winding Medieval street layout would have "been revolutionary at that time".The architect said the new style of building was dubbed by the developers as "groundscrapers"."So this was the first of a kind, and was very much a response to the DNA, the vanity of a market town," he said."It meanders and is more intimate." The interior of the building is open-plan which was less commonplace at the light pours in from the glass ceiling, while escalators enabled access to the floors above instead of walls were painted yellow and the floors green to reflect the Sounds: Norman Foster remembers VE DayBBC Four: Building Sights - the Willis building"Being able to see your neighbour, to communicate... it's the opposite of everything about the workplace," Lord Foster said. "The idea that everyone would have the same standards, again was and still is in many ways revolutionary."Egalitarian, flexi-time, you could bring your family to the swimming pool, you didn't have to work nine to five." The swimming pool has long been covered over with flooring, but the roof garden remains. Follow Suffolk news on BBC Sounds, Facebook, Instagram and X.
Associated Press
02-06-2025
- Business
- Associated Press
e2Value Launches Innovative Risk Assessment Tool for Home Insurers
06/02/2025, Stamford, Connecticut // PRODIGY: Feature Story // e2Value, a forward-thinking firm known for its property valuation technology and risk management solutions, has launched its Structure Insurance Score (SIS). This analytical tool is designed to enhance risk assessment and underwriting accuracy in the home insurance market. Co-developed for over seven years with WTW and now fully owned by e2Value, SIS introduces a more granular approach to home insurance pricing, empowering small to mid-sized carriers with tools previously reserved for large-scale insurers. 'We believe this is a watershed moment for us as well as the insurance industry at large,' says Todd Rissel, CEO and co-founder of e2Value. 'With the launch of SIS, this helps our clients advance beyond more traditional underwriting methods that rely on more generalized data points. SIS is a precision instrument that can redefine how risk is understood and priced in the market. It can do what make-and-model scoring did for auto insurance.' SIS is an innovative rating mechanism that evaluates the specific structural characteristics of a home to deliver a more accurate reflection of potential reaction to various perils. Most carriers use basic property features, such as the number of bathrooms, stories, or roof age. SIS delves deeper. It analyzes up to over a hundred data points per property, enabling underwriters to detect nuanced differences in risk that would otherwise go unnoticed. 'Think of two houses of identical age, size, and replacement cost in the same ZIP code. House A is a two-story home with upper-level bathrooms and less roofing. House B is a one-story home with a simpler profile, but more roof area. The former may be more vulnerable to water and fire damage than the latter. They may receive vastly different scores because of disparities in layout, materials, or elevation. This sensitivity to structure detail provides insurers with improved segmentation, pricing accuracy, and partial loss impacts,' Rissel explains. e2Value's AI-powered technology is the backbone of SIS. Millions of residential policies, complete with premiums, structural data, and loss history, were compiled and analyzed to develop the SIS model. Leveraging this dataset, e2Value applied cost modeling across peril categories, such as fire, water, weather, theft, and liability. The result is a risk score that reflects replacement cost and how a structure will likely respond to a specific event. Geospatial analytics were integrated to further refine territorial risk factors all the way down to ZIP code levels. This technology reflects e2Value's broader mission to build intelligent, localized, and bias-resistant property risk models. It doesn't utilize geographic averages or cost multipliers based on distant markets. Instead, the company's tools emphasize pinpoint accuracy. This ensures that pricing reflects actual on-the-ground conditions. Their data strategy has been refined through decades of monitoring losses from hurricanes, fires, and other large-scale events, ensuring high reliability. The impact of SIS is bound to be massive. It offers a ready-made competitive advantage for insurers, particularly small to mid-sized carriers that may lack in-house analytics teams and data. The score enables smarter segmentation, allowing carriers to identify high-risk properties that might otherwise skew loss ratios. Conversely, it recognizes homes that may warrant premium discounts. In addition, SIS democratizes advanced risk analytics. Carriers of all sizes now have access to a subscription-based tool that allows them to make underwriting and pricing decisions with insight once reserved for only the largest insurers with proprietary tools. The launch of the Structure Insurance Score represents a new era in home insurance. It aligns with market demands for precision and transparency. Moreover, it leverages the full power of AI and massive datasets to solve persistent challenges in property risk modeling. Ultimately, with SIS, e2Value aims to redefine how insurers underwrite homes and how they understand them. Media Contact Name: Angela Connolly Email: [email protected] Source published by Submit Press Release >> e2Value Launches Innovative Risk Assessment Tool for Home Insurers
