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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.

A multi-stream research programme developed, which responded to key industrial, regulatory and scientific demands from the risk management and insurance markets.

By summer 2007, the Network expanded to include three US and one Japanese institution. WRN membership has now grown to support around fifty institutions addressing the full spectrum of risks covered by the insurance industry.

The Network has assisted the research behind hundreds of peer reviewed academic articles including many ground breaking papers. This research has been incorporated into insurance sector models, methodologies and transactions to improve the market's understanding, resilience and coverage of risk.

Since 2008, WRN personnel have been appointed to a range of senior public science appointments including the UK Prime Minister's Council for Science and Technology, the Natural Environment Research Council, and the Belmont Forum-ICSU-ISSC Earth System Research for Global Sustainability Initiative.

In 2011, the WRN co-led the international Summit on Managing Extreme Events with the US National Academy of Sciences in Washington DC.

In recognition of its consistent contribution to the industry, the WRN has received the annual Worldwide Reinsurance Award for Analytics in 2008, 2009 and 2011.

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

WillisWire Special Report: Adapting to Climate Change
Apr 22, 2014 | read more ›

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 ›

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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