Willis launches RiskIQ Nexus for insurance program data

Willis Towers Watson has launched RiskIQ Nexus, a platform that brings an organization’s policy, premium, loss and exposure data into one place. Risk managers can use it to review insurance spend, insurer participation, policy documents and upcoming renewals.

The platform can ingest documents in multiple languages and lets users ask questions about their programs, such as how coverage or costs have changed since the last renewal. Willis says Nexus can include data from placements handled by other brokers, as well as information outside insurance placements.

RiskIQ Nexus is being rolled out to clients globally as part of Willis’ Propel initiative.