WTW, Cornell University join forces to map risk of ‘clustered’ catastrophes

The research, funded by WTW, will focus on the synchrony of major perils such as tropical cyclones, wildfires, and severe convective storms and the potential impact on the industry’s aggregate exposure to catastrophic losses. It forms part of the Willis Research Network, WTW’s academic collaboration platform, which works with universities and research institutes worldwide to feed emerging science into catastrophe modeling and risk management.