Daily Insurance Industry News
Daily Insurance Industry News
Monday 15th of October 2018
October 19, 2007

WISDOM created by Willis

by Richard Kilner

Story link: WISDOM created by Willis

Willis has launched a proprietary analytical tool named WISDOM (Willis Integrated Solutions D&O Model), designed to aid clients creating D&O insurance programs.

WISDOM will provide both data and analysis that is more quantitative, compared to more usual benchmarking, and tailored to specific clients.

Audit Integrity and Advisen, leading research organisations, assisted on WISDOM’s development.

WISDOM has an impressive database of D&O losses, high risk events, stock price volatility and accounting and corporate governance metrics enabling it to calculate loss probability distributions that reveal the chances of a future loss occurring and the size of any potential loss.

Clients will be able to add specific components into the tool, including their own risk capacity and appetite so that WISDOM can work out the best D&O structure for that specific client.

Ann Longmore, executive vice president of Willis’ Executive Risks Practice, praised the new system’s use of scientific determination and the client-specific tailoring it can achieve.


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