Willis Towers Watson (NASDAQ: WLTW) has partnered with Polecat Intelligence Ltd. Their partnership has enabled organizations to respond to the rapidly changing, increasingly complex, and interconnected challenges they face. Willis Towers Watson will use Polecat data to support its solutions in such areas as life sciences, reputational, product recall, and D&O risk.
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Based on this partnership, Polecat’s Artificial Intelligence and Machine Learning will be used to provide real-time risk insight from the world of unstructured data. With this partnership, Willis Towers Watson’s clients will be better able to navigate an increasingly complex world by developing risk mitigation strategies and transfer mechanisms.
Garret Gaughan, Head of Global Markets P&C Hub at Willis Tower Watson, said that information and how people use it to develop their perceptions of organizations and situations have dramatically changed in the private and public sectors. Organizations nowadays face a volatile and dangerous environment when it comes to their reputation. Willis Towers Watson is partnering with Polecat to offer clients real-time insight into public opinion through social media analysis. Analyzing unstructured data in real-time allows the company to design and implement risk mitigation mechanisms for their Clients.
Jim Lawn, co-CEO of Polecat, says that the company’s purpose is to help Corporate Boards and Executive Leadership teams make better decisions on emerging risks and opportunities. This partnership with Willis Towers Watson is unprecedented, combining exceptional risk transfer with market-leading Artificial Intelligence and Machine Learning to provide real-time risk insights from the world of unstructured data. Corporations and their Executive Leadership teams are looking for insurance and technology that enables them to manage and mitigate their emerging risks that impact their business landscape, the global economy, and our environment. We are partnering with Willis Towers Watson and Polecat to achieve this.
John Ludlow, CEO of Airmic, said that Willis Towers Watson and Polecat’s partnership demonstrates the value of combining AI-driven data analytics, consultancy, and insurance into one place. Executives and boards of directors across all organizations are becoming increasingly aware that reputation remains one of the greatest strategic risks. Solutions such as these will be key to protecting and maintaining the value of intangible assets.