The merger announced this morning between Willis Group, the third-largest insurance broker in the world, and Towers Watson, a professional services company, promised a big impact on the business of managing risk.
Towers Watson spoke about expanding adoption of its analytics platforms to more clients through Willis' distribution network in its announcement of the deal. If that works out, says Mitch Wein, VP of research and consuting for Novarica, the upshot for carriers is that Willis' partner insurance companies will get a much clearer view of the risk they're taking on.
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