Willis Towers Watson introduces property loss modeling platform

Willis Towers Watson PLC has introduced Property Quantified, a modeling platform to help organizations analyze potential property losses, the broker said in a statement Wednesday.

Property Quantified can model multiple perils in a single platform, including catastrophe risks such as earthquake and hurricane, together with other loss types such as fire and vandalism, for organizations with physical locations, the statement said.

A web-based, interactive platform allows users to make changes to their location data and to see the impact to loss potential immediately, the statement said.

“This powerful tool goes far beyond benchmarking data and natural catastrophe modeling,” Joe Peiser, head of broking for North America with Willis Towers Watson, said in the statement.