Willis, a WTW business, has announced the launch of RiskIQ Nexus, a new risk intelligence platform designed to help organisations bring risk and insurance data together in one place.
Part of WTW’s RiskIQ ecosystem, Nexus enables risk managers to gain faster access to the information and insights they need to understand their programmes, prepare for renewals and make more informed risk and insurance decisions.
The platform helps organisations consolidate policy, premium, loss, exposure and other risk and insurance information from multiple sources into a single, connected view.
Its AI capabilities support multi-language document ingestion and enable users to query and analyse their data more intuitively, turning information into decision-ready reporting and insights.
Many organisations manage critical risk and insurance information across multiple systems, spreadsheets and data sources, creating challenges around visibility, governance and decision-making. Nexus aims to address this by reducing administrative burden and supporting more efficient programme management and stakeholder reporting.
Willis reports that the platform also provides a foundation for deeper, scalable risk and insurance analysis, enabling clients to quickly access information such as insurance spend, insurer participation, policy details, programme structures and upcoming renewals. Its AI-enabled querying allows organisations to explore and interrogate their data in detail and answer practical, day-to-day questions.
Nexus helps clients strengthen renewal discussions, improve oversight of risk and insurance programmes, and respond more effectively to requests from finance teams, C-suite leaders and other stakeholders. It also helps users move beyond static reports to generate decision-ready insights, while Willis consultant specialists can help clients interpret and act on them.
Nexus is also broker agnostic, with the ability to incorporate risk and insurance information beyond Willis placements, including non-placement data. This enables organisations to create a more complete view of their programmes and allows stakeholders to work from a single source of truth, while keeping data confidential and protected, with access limited to client-approved users.
John Merkovsky, Global Head of Risk & Analytics at Willis, said, “Risk managers shouldn’t have to spend hours pulling information from spreadsheets, emails and shared drives just to answer key questions about their risk and insurance portfolio. Nexus puts that information at their fingertips, helping clients quickly establish what insurance they have in place, who they buy from, what they spend and how programs are changing over time. Its AI-enabled querying and analysis will help clients move from information to insight and action more quickly, driving better risk decisions and much greater value.”
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