Willis Group Holdings plcWSH has launched The Dynamic Casualty Forecast tool. The revolutionary tool will help risk managers project the risks of third-party motor across Europe. The new launch is an important addition to the company's growing operational portfolio.
The new tool will help clients better understand risks as well as have an idea of expected losses. Clients with substantial motor exposure and any country mix within Europe can benefit from this tool that uses Willis Group's "proprietary data". This will, in turn, help the companies chalk out effective risk transfer strategy besides bargaining for better terms.
Willis Group is a well-recognized risk advisory as well as insurance and reinsurance brokerage firm. The company focuses on data, technology and analytics to meet their client requirements across all industries, globally. Thus, the launch of data-driven forecast tool is expected to complement Willis Group's business model and boost its risk advisory operations. Additionally, the insurer handles over one million vehicles across Europe and the new tool will further strengthen its presence in the continent.
With the view to boost the clients services offered and realize the operational opportunities as well as to make new investment in the growth initiatives, the new launch bodes well for the company.
Zacks Rank and Stocks to Consider
Willis Group presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the Insurance brokerage space are Brown & Brown Inc. BRO , eHealth, Inc. EHTH and Hannover Ruck SE HVRRY . All these stocks hold a Zacks Rank #2 (Buy).
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