Broker launches analytical tool to determine proper D&O protection
Willis has launched the Willis Integrated Solutions D&O Model (WISDOM), a proprietary analytical tool that provides robust decision support to clients in the design of D&O insurance programs.
WISDOM is a proprietary modeling tool that provides information and analysis that is more quantitative and client-specific than traditional benchmarking.
Working with two leading research firms (Audit Integrity and Advisen), WISDOM draws from a large database of historical D&O losses, accounting and corporate governance metrics, high risk events, and stock price volatility in order to generate loss probability distributions that show both the magnitude and likelihood of future losses.
The model then incorporates client-specific factors relating to risk capacity and risk appetite to determine the optimal D&O program structure.
Ann Longmore, executive vice president of Willis’ Executive Risks Practice, said: “Through WISDOM, Willis now has the means to more scientifically determine the optimal D&O program structure for clients.
“By combining the power of risk analytics with the wisdom and experience of our experts, we can begin to master the decision-making process of insurance placement.”
