Latest Publications

The Impact on Federal Spending of Allowing the Terrorism Risk Insurance Act to Expire
Apr 11, 2014 | read more ›

What We Know about Demand Surge
Apr 08, 2014 | read more ›

Determining tropical cyclone inland flooding loss on a large scale through a new flood peak ratio-based methodology
Apr 02, 2014 | read more ›


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About the Willis Research Network

The WRN enables the risk and (re)insurance sector to integrate the world's leading science and information into its decision making and operational systems.

Our aim is to ensure that private and public institutions gain the greatest possible understanding of risks while insurers and reinsurers can deliver effective financial protection at optimum terms.

Around 50 science institutions across the world are members of the WRN. They span the range of disciplines and geographies that concern our insurance and reinsurance clients and the industry's evolving regulatory landscape. These are reflected in the WRN's five research pillars: Regulation & Public Policy, Economic Capital, Natural Hazard and Risks, Man-made Risk & Liabilities, and Core Technologies.

We support long term partnerships within the WRN, often via the funding of new research positions, to enable the development of sufficient understanding of the research and operational requirements with and for Willis and our market partners.

WRN supported research produces many peer reviewed journal papers per year. But the core operational focus is the data, models, applications, and methods that can be combined with refined analytical interpretation and integrated into risk and (re)insurance decision making.

With its success the WRN has grown to become the world's largest collaboration between public science and the finance sector. We are recognised as exemplary by leading science organisations with whom we work.


Role & Mission

Willis operates globally with around 20,000 associates located across 100 countries. It manages and transacts a vast range of risks and extremes from natural hazards and man-made perils to financial risk and legal liabilities. Over the last twenty years analytics has become fundamental to these processes and decision making.

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Structure & Organisation

The Willis Research Network operates as an intrinsic part of the Willis Group., The WRN’s analytics services augment the company’s in-house capabilities to support the scientific needs of clients and industry partners.

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History

The Willis Research Network launched in 2006, with senior academics from seven UK universities and Willis Research Fellows appointed from early 2007.

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Management Team

The Willis Research Network is coordinated and managed by Willis Group’s Global Analytics department to deliver programmes, projects and output for Willis insurance and reinsurance clients.

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About Willis

Willis Group Holdings plc is a leading global risk advisor, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent, with approximately 17,500 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world’s leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events.

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About WRN

As economic, social and environmental uncertainties increase, institutions and populations seek greater resilience to support sustainable growth. Science and insurance lay at the heart of understanding, managing and sharing these risks, building more secure futures at local and global scales.

The Willis Research Network (WRN) operates across the full spectrum of risk from natural catastrophe, to legal liability, financial and security issues linked across driving themes: Resilience, Security & Sustainable Growth; Managing Extremes; Insurance & Risk Management and Mastering the Modelled World.

All Members and activities are united by a common aim: improving resilience by integrating first class science into operational and financial decision-making across public and private institutions.

Latest News

Extending Terrorism Insurance Program Could Save Federal Government Money After Future Attacks
Apr 11, 2014 | read more ›

Senate Bill to Extend TRIA: Positive, but no Guarantee
Apr 11, 2014 | read more ›

Forecasting, Flood & Fortitude: Slides available
Mar 25, 2014 | read more ›

Seasonal Forecast Summary Update
Mar 24, 2014 | read more ›

RAND Study: TRIA Expiration Could “Affect U.S. National Resilience”
Mar 14, 2014 | read more ›

Newsletter

Fast Facts

  • The WRN was formed in September 2006 to support leading academic research into extreme events, with a specific focus on responding to the challenges faced by businesses, insurers and governments
  • The WRN's membership spans the globe, counting more than 50 world-class universities, scientific research organisations and public policy institutions
  • Collectively, our members have published more than 100 papers in leading scientific journals
  • Nearly all of the WRN's research is freely available to the public and can be downloaded on our website

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