Willis and the University of East Anglia launch wildfire risk partnership in response to escalating global threat
Rhea-AI Summary
Willis (NASDAQ:WTW) has announced a strategic partnership with the University of East Anglia (UEA) to enhance understanding of global wildfire risks. This collaboration comes as wildfire-related losses are reaching levels comparable to hurricane damage, with recent examples including $1.5 billion in losses from Australia's Black Summer bushfires and $40 billion in damage from Los Angeles' Palisades and Eaton fires.
The partnership will combine Willis' catastrophe risk expertise with UEA's climate and fire science capabilities, led by Dr. Matthew Jones, who co-leads the State of Wildfires Report. The collaboration aims to provide insurers and reinsurers with scientific insights to better understand and manage the evolving wildfire risk landscape, particularly as climate change expands fire-prone areas beyond traditional hotspots.
Positive
- Strategic partnership with UEA enhances Willis' wildfire risk assessment capabilities
- Access to leading climate and fire science expertise through Dr. Matthew Jones' research network of 60 institutions
- Positions Willis to better serve clients with advanced wildfire risk insights and strategies
Negative
- Growing unpredictability and intensity of wildfires pose increasing challenges for risk assessment
- Expanding fire-prone areas beyond traditional hotspots create new uncertainties
News Market Reaction – WTW
On the day this news was published, WTW gained 1.05%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, July 16, 2025 (GLOBE NEWSWIRE) -- Willis, a WTW business, (NASDAQ:WTW), today announced a new collaboration with the University of East Anglia (UEA) to deepen understanding of global wildfire risk. With wildfires now rivalling the losses caused by other perils such as hurricanes, this partnership aims to deliver credible scientific insight that helps insurers and reinsurers keep pace with a rapidly changing risk landscape.
Wildfires have intensified in recent years, becoming larger, more destructive, and increasingly unpredictable. Shifting climate conditions are expanding fire-prone areas beyond traditional hotspots and triggering more intense and destructive fires, while urban growth and rising property values are amplifying the potential for catastrophic loss. From insured losses amounting to US
This collaboration will focus on helping the insurance sector understand the shifting nature of wildfire risk, including changes in fire frequency, intensity, geography, and the growing threat of urban conflagrations. By combining Willis’ catastrophe risk expertise with the leading climate and fire science of Dr. Matthew Jones at UEA, the partnership will support clients in anticipating wildfire-related losses and responding with more informed risk strategies.
Dr. Matthew Jones co-leads the State of Wildfires Report, an annual initiative with an international network of fire scientists from 60 institutions covering six continents. This report examines the causes of extreme wildfire events of the latest fire season, evaluates future wildfire risks under climate change, and identifies opportunities to minimise risk through climate action and land management practices.
“The insurance industry can no longer treat wildfire as a niche peril confined to a few known hotspots,” said Dr. Daniel Bannister, Weather & Climate Risks Research Lead at the Willis Research Network. “We are seeing more frequent, fast-moving fires capable of devastating urban areas and overwhelming response systems. As insurers grapple with the mounting human and economic toll, robust and accessible insights from cutting-edge research are needed more than ever before. By partnering with UEA, we aim to distil the latest research into meaningful insights that help our clients understand and manage wildfire risk, today and into the future.”
“Wildfires are a growing threat that will worsen as the climate warms, and societies are increasingly feeling the brunt of their impacts worldwide. It is critical that our research keeps pace with the emerging threat, for example by providing better prediction and warning systems and guiding forest management and fire prevention strategies that best protect society from wildfires,” said Dr. Matthew Jones. “UEA’s partnership with Willis represents a bridge between science and society and that will ensure that our research delivers real-world benefits that make communities more prepared for and resilient to wildfires.”
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About the University of East Anglia
The University of East Anglia (UEA) is a UK Top 25 university (Complete University Guide and HESA Graduate Outcomes Survey). It also ranks in the UK Top 20 for research quality (Times Higher Education REF2021 Analysis) and the UK Top 10 for impact on Sustainable Development Goals. Known for its world-leading research and good student experience, its 360-acre campus has won seven Green Flag awards in a row for its high environmental standards. The University is a leading member of Norwich Research Park, one of Europe’s biggest concentrations of researchers in the fields of environment, health and plant science. www.uea.ac.uk.
Media Contacts
Lauren David
Lauren.david@wtwco.com
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