Overview Willis, one of the world's largest insurance and reinsurance
brokers, has developed the Willis Research Network (
www.willisresearchnetwork.com ), the world's largest collaboration between
insurance and academia undertaking research to evaluate the frequency, severity
and impact of extreme events and develop private and public sector risk
financing to share the costs of these events across populations. In
collaboration with Nanyang Technological University, Singapore and with various
other scientific institutions world-wide, it strives to develop a common
framework to derive suitable vulnerability functions for cargoes and for cargo
containers at port holding areas which are subject to natural hazards such as
earthquakes, extreme winds and flood.
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