General Insurance Article - Willis Research and Mitiga partner on aviation and aerospace


The Willis Research Network (WRN) announces a new partnership with Mitiga Solutions, which will provide leading-edge volcanic ash cloud and sandstorm forecasting to aviation and aerospace clients to optimise air traffic management.

 This new partnership will enable airlines, airports and associated organisations in both the public and private sectors to predict and mitigate the impact of natural hazards to air traffic management and aviation operations. Volcanic ash, sandstorms and mineral dust are key hazards for airlines, which affect flight safety, aircraft routes, infrastructure and engine lifetime.
 
 Mitiga Solutions can assess the extent and height of the impact of those hazards in near real-time, at each stage of an aircraft operation and ongoing emergencies, prior to an event for early warning and for efficient management during an emergency. These modelling capabilities can also be used to test and enhance preparedness. Such advances in modelling are expected to help airlines and associated organisations mitigate their exposure, re-route planes, minimise delays and cancellations, and related economic losses.
 
 Andrew Hall, client relationship director, Risk and Strategy, Willis Towers Watson said: “This is a tremendous example of collaborative investment and innovation, and the determination by Willis Towers Watson to understand the risks associated with such a perpetual threat. Most importantly, how to reduce the impact and cost to the aviation eco-system and to increase the safety, efficiency and confidence of such a strategically important but fragile sector.”
 
 Dr Rosa Sobradelo, senior research manager for earth risks, WRN said: “We are delighted to partner with Mitiga Solutions on this important initiative, which provides valuable data insight to our aviation and aerospace clients. It puts the WRN at the forefront of applied research for volcanic risk and reflects Willis Towers Watson’s commitment to delivering bespoke risk management solutions.”
 
 Dr Alex Martí, CEO, Mitiga Solutions added: “In a short period of time, Mitiga Solutions has been able to disrupt the aviation industry by providing real-time and predictive solutions to mitigate the impact of atmospheric hazards to different aviation stakeholders. Partnerships are at the heart of what we do and working with Willis Towers Watson enables us to scale our work and build the case for the standardised use of scientific predictive models to strengthen aviation safety worldwide.”
 
 To complement the new partnership, Mitiga Solutions is participating in an industry-led panel discussion on climate resilience at the Willis Towers Watson Airport Conference 2019, hosted by the Airport Risk Community (ARC) on 18-20 September in Rome.
  

Back to Index


Similar News to this Story

IPT receipts for 2024 to 2025 hits over GB7bn in January
According to this morning’s HMRC data, Insurance Premium Tax (“IPT”) receipts stood at £853 million in January 2025, bringing the 10-month total for t
Unlocking the potential of IFRS17 insights and opportunities
As mentioned in part one of this blog series, IFRS 17 has reshaped financial reporting for insurance contracts since its implementation on 1 January 2
Lack of expertise main barrier to AI adoption in insurance
A lack of expertise within insurance companies is the biggest challenge to implementing artificial intelligence (AI) technology. As AI has the potenti

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.