WTW has teamed up with the University of Cambridge’s Centre for Risk Studies to develop an Airport Risk Index. Aimed at helping the world’s airports 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.
Launched this week at the annual WTW Airport Risk Community conference in Lisbon, the index allows airports 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.
John Rooley, CEO global aerospace, 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.”
Dr Trevor Maynard, director of systemic risk research, Centre for Risk Studies, Cambridge Judge Business School added: “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.”