WTW launches climate analytics for property renewals

Willis Towers Watson PLC said Monday it has incorporated data analytics into its property renewals to help businesses understand the long-term impact of climate change on their property portfolios.

The climate analytics and risk management assessment is available initially for large North American clients and will be rolled out to additional geographies and organizations during 2023, WTW said.

The data helps organizations optimize their risk management strategies by evaluating a series of key climate indicators, including extreme heat, rainfall and fire weather risk and how these impact their property assets, WTW said.

Organizations can compare various climate metrics including how increased extreme weather may impact their portfolios by 2050.