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The addition of these institutions reinforces the network's position as a partnership between academia and the re/insurance industry, and marks a major expansion in the network's ability to respond to the needs of the international re/insurance and risk sectors via research, expertise, applications and data.
It is expected that the expanded research capabilities of the WRN will have broad use in the public and private sectors beyond the insurance industry, as governments, populations and businesses confront the challenges of living with climate change and natural hazards.
The following 10 institutions have become associate members of the WRN (a description of their risk and re/insurance-related collaboration interests appears in brackets):
- British Geological Survey (geological risks, groundwater flooding)
- Centre for Ecology and Hydrology (flooding, pollution)
- UK Met Office (climate and weather risk research, climate forecasting services)
- National Centre of Earth Observation (remotes sensing, satellite data and imagery)
- National Centre of Atmospheric Science (climate and weather risk research)
- National Oceanography Centre (tropical cyclones, tsunami, uncertainty)
- Ordnance Survey (geographic data, geospatial analysis and communication)
- Plymouth Marine Laboratory (marine pollution, aquaculture)
- Proudman Oceanographic Laboratory (storm surge, sea level rise)
- GNS Science, New Zealand (Asia-Pacific geo hazards)
Seven of these institutions are affiliated with the Natural Environmental Research Council (NERC), the UK's main agency for funding and managing research, training and knowledge exchange in the environmental sciences. This is further evidence of the growing role and influence of public science on the wider economy and financial decision-making, WRN officials said.
Vanessa Lawrence CB, CEO, Ordnance Survey said, "Ordnance Survey is delighted to now be a collaborative member and contributor to the Willis Research Network, which is leading the way in research and innovation within the insurance and reinsurance sector. With more and more insurers now taking advantage of geographic information to underpin their decision-making, I believe Ordnance Survey has a very active role to play."
Rowan Douglas, Chairman of the Willis Research Network, said, "We have had the enormous pleasure and privilege of working with most of these world-leading institutions for some time. Collectively, they are a mighty force and are bringing major improvements to the understanding and evaluation of natural hazard risks in our sector. We are delighted to welcome them into the WRN where we hope they will enjoy even greater collaboration with our worldwide membership and international insurance and reinsurance industry partners."
The Willis Research Network (WRN) is focused on evaluating the frequency, severity and impact of major catastrophes - from flooding to hurricanes and earthquakes - and seeks to help society at local and global levels manage these risks and share the costs of these events via public and private sector approaches.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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