2026-06-16 · Source: Carrier Management
Summary in 3 Points • Willis Towers Watson launches updated Climate Diagnostic model to aid risk managers in tackling climate-related property risks • The tool, integrated into WTW's Risk IQ platform, predicts impacts of floods, windstorms, and other climate events • Enhanced model aims to improve understanding of climate-driven volatility in property insurance markets --- Willis Towers Watson has introduced an upgraded version of its **Climate Diagnostic** model, designed to assist risk managers in addressing climate-related volatility in the property insurance sector. This model is integrated into WTW's **Risk IQ** platform and leverages advanced climate risk technology to predict the current and future impacts of environmental events such as floods and windstorms. The tool aims to provide a comprehensive understanding of how these climate events can affect property risks, thereby enabling more informed decision-making for risk managers. For the **London Insurance Market**, the introduction of this enhanced model by Willis Towers Watson is a significant development. It highlights the growing necessity for sophisticated tools that can accurately assess and predict climate-related risks. As climate change continues to influence the frequency and severity of natural disasters, insurance professionals in London must adapt to these evolving conditions. The Climate Diagnostic model offers a strategic advantage by equipping risk managers with the insights needed to navigate the complexities of climate-driven volatility in property insurance markets. **Underwriters**, **brokers**, and risk managers should consider incorporating the insights provided by Willis Towers Watson's Climate Diagnostic model into their risk assessment processes. By leveraging this tool, professionals can better anticipate potential losses and adjust their coverage strategies accordingly. This proactive approach will be crucial in maintaining competitive advantage and ensuring that insurance products remain relevant and responsive to the challenges posed by climate change. As the industry continues to evolve, staying informed and adaptable will be key to success.
For the London Insurance Market, the introduction of this enhanced model by Willis Towers Watson is a significant development. It highlights the growing necessity for sophisticated tools that can accurately assess and predict climate-related risks. As climate change continues to influence the frequency and severity of natural disasters, insurance professionals in London must adapt to these evolving conditions.