WTW and the University of Cambridge's Centre for Risk Studies have launched an Airport Risk Index. The index allows the world's airports will be able to introduce new risk profiling methods to future proof their resilience planning.
The index compares 110 of the world’s busiest airports by passenger volumes, against 19 identified threats. It offers airports the ability to interrogate their existing and future assumptions on risk exposure. It combines historical and predictive analysis, to determine the levels of probability and impact of operational disruption on an airport’s profitability.
WTW CEO global airspace John Rooley said, “In line with our WTW data-led strategy, we‘re driving change across the aviation eco-system. This Index will deliver new perspectives and challenge how industry measures and manages risk.”
Centre for Risk Studies director Dr Trevor Maynard said, “The Centre and WTW collaborated to create this index which will empower leaders in the aviation world, through data-driven insights, to inform risk resilience.”
WTW Research Network director Hélène Galy said, “Understanding risk and driving resilience are still best met working in partnerships and embracing the talents of people across the globe.”
With the airport risk index framework, airports will be able to reassure governments, regulators, investors, insurers and business partners that they have a renewed understanding of their risks and the necessary mitigation strategies.
Source: asiainsurancereview.com