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Risk Partner

Connecting and evaluating internal and external aspects of risk is a challenge for most organisations. From insurable to non-insurable risk, mitigation to avoidance, the world of risk is complex.

What is a Risk Partner?

The Willis Towers Watson Risk Partner programme is designed to provide a conduit for all risk activity, to connect all aspects together, both, internally and externally.

A dedicated Risk Partner is essentially an independent risk advisor appointed to an organisation, available to discuss and advise on any risk needs when required. They will support the development of a risk profile for the future that will encourage and achieve better alignment with risk mitigation activity, risk transfer and risk tolerance strategies.

The Risk Partner will align insurance programmes to ensure end-to-end risk management is embedded within an organisation and the benefi of internal activities are realised.

What are the benefits?

An organisation that utilises the Willis Towers Watson Risk Partner programme will benefit from:
  • A better connected and cost effective approach to risk
  • Greater support and guidance to internal risk management function
  • Operational and strategic analytics, using intelligent data to drive risk management decisions
  • Improved connection with current and future insurance programmes
  • Access to over 250 global risk experts through a single point of contact
  • A risk mitigation programme that will influence transferable insurance costs

Contact us:

For further details please contact your local Willis Towers Watson office.

Risk Partner factsheet:

Case study:

An international organisation with multiple insurable risks approached Willis Towers Watson to evaluate existing risk mitigation functions to align with current and future insurance programmes.

The Risk Partner identified that ‘people’ and ‘business interruption’ risks were more than 70% of the overall insurance premium. This resulted in an opportunity to reduce premium spend and build better resilience through targeted risk management activity.

The trusted relationship between the Risk Partner and client, along with a commitment from the business to improve bottom line costs, enabled a cohesive bridge between insurable and non-insurable risk.

The Risk Partner provided the organisation with:

  • A clear understanding of risk control programmes which were more effectively communicated to insurance carriers
  • Better understanding of overall risk improvement activity across multiple stakeholders and defined deliverables for the business
  • A reduction in overall premium costs driven through better articulation of risk activity

Willis Towers Watson collated the historic and current activities by working with stakeholders, both internally within the business and externally with insurers, claims handlers and underwriters. The data was evaluated against the existing insurance programme to maximise impact and benefit for the organisation.