Towers Watson releases terrorism, political violence predictive model
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Towers Watson & Co. has released a predictive model that assesses risks from terrorism and political violence, the New York-based brokerage and consultant said Tuesday.
Sunstone was unveiled during the 2013 Risk & Insurance Management Society Inc.'s Conference & Exhibition in Los Angeles. In a statement, Towers Watson said the model can predict “a broad range of attack types,” and weigh the threat of various kinds of attacks based on a company's locations and risk appetite.
The technology also can predict the potential cost severity of life workers compensation and life insurance claims related to terrorism or political violence, Towers Watson said.
“There is recognition that, understandably, after 9/11, there was a focus on large-scale urban jihadi terrorism,” Paul Bassett, managing director of Towers Watson's crisis management group, said in a statement. “However, many of the larger claims in this class in the last five years have actually come from emerging market areas like North Africa or Southeast Asia, and from events that sit more at the political violence end of the spectrum.”
Sunstone will be available to Towers Watson clients or can be licensed to customers, the company said.
For more information, contact Binoli Savani, external communications and media relations coordinator, at 703-258-7648 or binoli.savani@towerswatson.com.
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