WTW initiates Airport Risk Index
WTW and the University of Cambridge’s Centre for Risk Studies have announced the launch of the Airport Risk Index (ARI), which will allow the world’s airports to introduce new risk profiling methods to enhance their resilience planning.
The ARI was presented to global airport executives at the annual WTW Airport Risk Community conference in Lisbon. It compares 110 of the world’s busiest airports by passenger volumes, against 19 identified threats.
The ARI lets airports examine their existing and future assumptions on risk exposure, combining historical data and predictive analysis to determine the levels of probability and impact of operational disruption on an airport’s profitability, WTW said.
“In line with our WTW data-led strategy, we’re driving change across the aviation ecosystem,” said John Rooley, CEO of global aerospace at WTW. “This index will deliver new perspectives and challenge how industry measures and manages risk.”
“The Centre for Risk Studies at Cambridge Judge Business School and WTW collaborated to create this index, which will empower leaders in the aviation world through data-driven insights, to inform risk resilience,” said Dr. Trevor Maynard, director of systemic research at the Centre for Risk Studies.
“Understanding risk and driving resilience are still best met working in partnerships and embracing the talents of people across the globe,” said Hélène Galy, director of WTW Research Network. “This is where our long-term investment in research partnerships proves invaluable, bringing the latest science to our clients.”