Willis Towers Watson subsidiary, Willis Re, has partnered with insurtech Concirrus to develop specialty insurance and reinsurance products based on IoT-sourced data. The company is also working with the U.S. Department of Homeland Security (DHS) to create a new type of “smart city” that will be able to monitor its own security systems in real time.
Willis Towers Watson subsidiary, Willis Re, has partnered with insurtech Concirrus to develop specialty insurance and reinsurance products based on IoT-sourced data. The duo will use behavioural analytics to study the specialty reinsurance markets and work with Concirrus’ Power20 community.