This revolution has undoubtedly brought significant benefits across many disciplines, including insurance. But the risks and dangers of a naïve dependency upon models and modelling have become clear, not least in selected financial markets.
The Willis Research Network was created to help Willis, the insurance industry and wider stakeholders develop a more balanced and mature use of models. By combining public science and industrial communities the WRN provides openness, expert interpretation and academic rigor to guide the development, use and consumption of risk models and outputs to support sensible decision making.