Willis North America has announced a number of senior appointments intended to strengthen and expand its FINEX (financial and executive risk) Cyber/ E&O (errors and omissions) Practice.
Willis currently works with organizations to enhance cyber risk management programs, primarily through PRISM II (Privacy Risk and Insurance Strategy Model) and RAPID ( Risk Assessment Probability & Impact Diagnostic tool), both of which are proprietary analytical tools.
According to Willis, “these tools help organizations quantify the impact and likelihood of a privacy breach and determine optimal risk transfer strategies and financing limits. These tools were developed specifically to deliver additional dimensions to understanding cyber risk exposure and help firms make well-informed decisions about the purchase of cyber risk insurance.”
For the full list of the senior cyber appointments, take a look at Willis’ recent press release.
