Risk and Analytics
Insurance Basics
Abreviations
WTW Teams
WTW Value Proposition
100

This math-heavy profession evaluates financial risks using statistics, often working in insurance or pensions.

What is an actuary?

100

The monetary amount an insured pays.

What is a premium?

100

RSM stands for

What is renewal strategy meeting? 

100

This team works on insuring buildings if there is a natural disaster.

What is the Property Team?

100

This is how Willis specializes industry wide.

What is Industry Vertical Divisions? 

200

RCCA stands for.

What is risk control and claims advocacy?

200

The company that provides insurance.

Who is an insurer?

200

RFP stands for

What is request for proposal 

200

This team works to insure clients if there is ransomware.

What is the Cyber team?

200

How our analytics differ from our competitors.

What is the brokers run their own analytics and the tools are constantly being improved.

300

Name 3 core analytic tools. 

Casualty quantified, climate diagnostic, collateral quantified, connected risk intelligence, cyber quantified, D&O quantified, Dynamic casualty forecast, Dynamic TCOR, Employment practices quantified, ESG clarified, Global peril diagnostic, property quantified, risk tolerance clarified, workers comp diagnostic 

300

This type of insurance company is owned by the client and is typically used to manage risk internally

What is a captive? 

300

TRIA stands for 

What is terror risk insurance act?

300

This team covers workers compensation, auto liability, and general liability.

What is the Large and Complex Casualty Team? 

300

Name an Inclusion and Diversity organization at WTW

 Veterans, Multicultural, Black Colleague Connection, Gender Equity

400

Name the head of Willis' Risk and Analytics team.

Who is Ben Fidlow?

400

It’s what you file when you experience a loss.

What is a claim?

400

LDF stand for

What is loss development factor? 

400

This team provides insurance to insurance companies.

What is the facultative reinsurance team? 

400

How we service our clients 365 days a year.

What is engagement 365?

500

This is our most comprehensive analytical offering.

What is Connected Risk Intelligence? 

500

What layer of an insurance program sits between the primary insurance and excess tower?

What is the umbrella layer?

500

SIR stand for

What is self- insured retention?

500

This team advises directly with the client and helps meet their service needs across all lines of business. 

What is Client Advocacy? 

500

Name three of WTW'S Values

What is client focus, teamwork, integrity, respect, excellence?

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