Presentation Management sponsored by

INNOVATIVE SOLUTIONS

FOR AN

UNCERTAINWORLD

Ben Fidlow, FCAS, MAAAGlobal Head of Core AnalyticsWillis Towers Watson

Presentation Management sponsored by

For a Treasury:To alter decisions

● Desire to make better/smarter and substantiate decisions

● ROI view across all types of insurable risk● Drive better financial outcomes

For Risk Management:To elevate status

● Engage C-suite in concise, financial language

● Potential to elevate role into a strategic one

● Ability to engage on traditionally non-insurance topics such as risk tolerance

For Brokers/Risk Advisors:To deliver better client service

● Adds efficiency● Apply big data● Risk first, solution second● Answer basic questions● What’s the ROI on my insurance

spend?● How much risk am I subject to?● What are my risk drivers?

Why Do Analytics Matter?

Presentation Management sponsored by

Delivery of Analytics at Scale: Empowering Our Clients

● Client Collaboration Using Technology○ Visualization of Data and Risk○ Real Time Customization

● Analytical Content Ingrained into Service Delivery● Concise and Impactful Insight● Quantify and Convey Risk Drivers● Proactive Fact-Based Decision Support● Real Time Feedback● Collaborative Build of Longer-Term Risk Strategy● Deploy Big Data

willis.com/CoreAnalytics

Presentation Management sponsored by

Analytics at Work

Assess Vulnerability

Evaluate Risk Transfer Cost vs Benefit

Gain Holistic Insight

See the impact of retained loss on your KPIs

Identify Loss DriversTop 3 Loss Causes

willis.com/CoreAnalytics

Presentation Management sponsored by

Near Future

The Risk Analytics Continuum: Then and Now

Static/Disconnected“Actuarial” Analysis

Minimal Feedback &Risk Support

Minor Value Add To Decision

Dynamic Data and Technology Driven Analysis

Iterative Risk & Client Engagement Risk

Tolerance

Holistic Evaluation

Evolved Strategic

Engagement

Self Service

Typical Analytical Engagement

Evolved Analytical Engagement

Presentation Management sponsored by

Dynamic TCOR

Dynamic TCOR presents a holistic, concise view of your Total Cost Of insurable Risk (TCOR) across all classes of insurance. This tool propels TCOR beyond a simple budgetary view. This dynamic perspective includes risk as an added dimension. Beyond budgetary, total cost with risk insight.

Dynamic TCOR captures known costs and expected retained losses for all major coverages within your insurance portfolio. Willis Towers Watson’s proprietary suite of risk-specific loss models simulate loss outcomes at the full range of likelihood levels, demonstrating potential TCOR volatility and enabling evaluation of risk transfer.

▪ Evaluate Risk Holistically by displaying retained loss outcomes across all major coverages.

▪ Scrutinize the Risk Transfer Strategy through an explicit calculation of financial benefit across a broad spectrum of loss outcomes. See how often you expect your losses to fall short of your insurance spend and how often you should win the “insurance bet”.

▪ Identify the risk drivers which expose your corporation to significant adverse outcomes.

willis.com/CoreAnalytics/tcor.html

Coming Up Next:6:00 – 10:00:Evening Event@ The BatteryJoin us at Punchbowl Social, a one-of-a-kind gastropub, gaming parlor and social lounge. Equipped with bowling, pool, classic video games, table tennis, karaoke, darts, corn hole and giant scrabble. Sports & Social also serves an eclectic and extensive menu of beer and a well-appointed cocktail menu.