WTW launches IMI Plus for clients in the United States
WTW (Nasdaq: WTW) has expanded its Investment Management Insurance (IMI) Plus product to the United States market, following its July 2024 launch in the UK and Canada. The comprehensive insurance solution combines multiple coverages including cyber liability, employment practices liability, directors' and officers' liability, errors and omissions liability, and crime under a single unified policy.
The product aims to reduce administrative complexity for asset managers while enhancing operational efficiency through features such as seamless coverage integration, streamlined claims reporting, and a single renewal date. Clients may qualify for preferred pricing based on an independent risk assessment by WTW's investment division.
IMI Plus offers customizable solutions with comprehensive packages and modular options, supported by WTW's Global FINEX Claims Advocacy Team for expert claims resolution.
WTW (Nasdaq: WTW) ha ampliato il suo prodotto Investment Management Insurance (IMI) Plus al mercato statunitense, a seguito del lancio avvenuto a luglio 2024 nel Regno Unito e in Canada. Questa soluzione assicurativa completa combina più coperture, inclusa la responsabilità informatica, la responsabilità per pratiche lavorative, la responsabilità amministratori e dirigenti, la responsabilità per errori e omissioni e la responsabilità per reati, il tutto sotto una singola polizza unificata.
Il prodotto mira a ridurre la complessità amministrativa per i gestori di attivi, migliorando al contempo l'efficienza operativa tramite caratteristiche quali integrazione delle coperture, semplificazione nella reportistica dei sinistri e una data di rinnovo unica. I clienti possono qualificarsi per tariffe preferenziali in base a una valutazione del rischio indipendente effettuata dalla divisione investimenti di WTW.
IMI Plus offre soluzioni personalizzabili con pacchetti completi e opzioni modulari, supportate dal Global FINEX Claims Advocacy Team di WTW per una risoluzione esperta dei sinistri.
WTW (Nasdaq: WTW) ha expandido su producto Investment Management Insurance (IMI) Plus al mercado de Estados Unidos, tras su lanzamiento en julio de 2024 en el Reino Unido y Canadá. Esta solución de seguros integral combina múltiples coberturas, incluyendo responsabilidad cibernética, responsabilidad por prácticas laborales, responsabilidad de directores y altos funcionarios, responsabilidad por errores y omisiones, y responsabilidad penal, todo bajo una única póliza unificada.
El producto tiene como objetivo reducir la complejidad administrativa para los gestores de activos, mejorando a su vez la eficiencia operativa a través de características como la integración de coberturas, la simplificación del reporte de reclamaciones y una única fecha de renovación. Los clientes pueden calificar para tarifas preferenciales basadas en una evaluación de riesgo independiente realizada por la división de inversiones de WTW.
IMI Plus ofrece soluciones personalizables con paquetes completos y opciones modulares, respaldadas por el Global FINEX Claims Advocacy Team de WTW para la resolución experta de reclamaciones.
WTW (Nasdaq: WTW)는 2024년 7월 영국과 캐나다에서 출시된 Investment Management Insurance (IMI) Plus 제품을 미국 시장으로 확장했습니다. 이 포괄적인 보험 솔루션은 사이버 책임, 고용 관행 책임, 이사 및 임원 책임, 오류 및 누락 책임, 그리고 범죄와 같은 여러 보장을 단일 통합 정책으로 결합합니다.
이 제품은 자산 관리자에게 행정적 복잡성을 줄이는 동시에 원활한 보장 통합, 간소화된 클레임 보고 및 단일 갱신 날짜와 같은 기능을 통해 운영 효율성을 향상시키는 것을 목표로 합니다. 고객은 WTW의 투자 부서에서 독립적인 위험 평가를 기반으로 우대 가격을 받을 수 있습니다.
IMI Plus는 포괄적인 패키지와 모듈식 옵션을 제공하는 맞춤형 솔루션을 제공하며, 전문 클레임 해결을 위해 WTW의 Global FINEX Claims Advocacy Team의 지원을 받습니다.
WTW (Nasdaq: WTW) a étendu son produit Investment Management Insurance (IMI) Plus sur le marché américain, suite à son lancement en juillet 2024 au Royaume-Uni et au Canada. Cette solution d'assurance complète combine plusieurs couvertures, y compris la responsabilité cybernétique, la responsabilité en matière de pratiques d'emploi, la responsabilité des dirigeants et administrateurs, la responsabilité pour erreurs et omissions, ainsi que la responsabilité pénale, le tout sous une seule police unifiée.
Le produit vise à réduire la complexité administrative pour les gestionnaires d'actifs tout en améliorant l'efficacité opérationnelle grâce à des fonctionnalités telles que l'intégration transparente des couvertures, la simplification du reporting des réclamations et une date de renouvellement unique. Les clients peuvent bénéficier de tarifs préférentiels en fonction d'une évaluation des risques indépendante effectuée par la division des investissements de WTW.
IMI Plus propose des solutions personnalisables avec des packages complets et des options modulables, soutenues par l'équipe de défense des réclamations Global FINEX de WTW pour une résolution experte des réclamations.
WTW (Nasdaq: WTW) hat sein Produkt Investment Management Insurance (IMI) Plus auf den US-amerikanischen Markt ausgeweitet, nach der Einführung im Juli 2024 im Vereinigten Königreich und Kanada. Diese umfassende Versicherungslösung kombiniert mehrere Deckungen, einschließlich Cyberhaftung, Haftung für Arbeitspraktiken, Haftung für Direktoren und Offiziere, Haftung für Fehler und Unterlassungen sowie Straftaten unter einer einzigen einheitlichen Police.
Das Produkt zielt darauf ab, die administrative Komplexität für Vermögensverwalter zu reduzieren und gleichzeitig die Betriebseffizienz durch Funktionen wie nahtlose Deckungsintegration, vereinfachte Schadensberichterstattung und ein einheitliches Erneuerungsdatum zu verbessern. Kunden können sich möglicherweise für bevorzugte Preise qualifizieren, basierend auf einer unabhängigen Risikoanalyse durch die Investmentabteilung von WTW.
IMI Plus bietet anpassbare Lösungen mit umfassenden Paketen und modularen Optionen, unterstützt vom Global FINEX Claims Advocacy Team von WTW für die fachkundige Schadensregulierung.
- Expansion of IMI Plus product to new market (US)
- Potential for increased revenue through new market penetration
- Opportunity for preferred pricing for qualifying clients
- None.
Insights
The expansion of IMI Plus to the U.S. market marks a strategic move in WTW's growth trajectory, particularly in the $115 trillion U.S. asset management market. This launch addresses a critical pain point in the industry where asset managers typically juggle multiple policies with different renewal dates and terms, creating operational inefficiencies and potential coverage gaps.
The product's integrated approach to cyber, EPL, D&O, E&O and crime coverage represents a significant competitive advantage. Traditional insurance solutions often require asset managers to coordinate with multiple carriers, leading to higher administrative costs and complexity. By consolidating these coverages, WTW positions itself to capture a larger share of premium dollars while offering cost efficiencies to clients.
The timing of this U.S. launch is particularly strategic, coinciding with increased regulatory scrutiny in the asset management sector and heightened cyber threats. The inclusion of risk assessment-based pricing demonstrates a sophisticated approach to underwriting that could lead to improved loss ratios and sustainable pricing power.
From a business perspective, this launch has three key implications:
- Revenue Optimization: By bundling multiple coverages, WTW can potentially increase its average revenue per client while improving retention rates through the 'stickiness' of comprehensive solutions.
- Market Differentiation: The integrated approach and risk-based pricing model creates barriers to entry for competitors, potentially leading to premium pricing power.
- Operational Leverage: The unified policy structure should reduce administrative costs, potentially improving operating margins in WTW's insurance segment.
NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Willis, a WTW business (Nasdaq: WTW), is pleased to announce that its Investment Management Insurance (IMI) Plus product is now available to U.S. clients. Previously launched in July 2024 for clients in the UK and Canada, this unified management and professional policy addresses the specific needs of asset managers, providing integrated protection and streamlined management across key risk categories.
IMI Plus grants critical coverages—cyber liability, employment practices liability (EPL), directors’ and officers’ (D&O) liability, errors and omissions (E&O) liability, and crime—under one cohesive offering. By consolidating these coverages into one policy, asset managers can reduce administrative complexity while enhancing operational efficiency.
The policy’s key benefits include:
- Multiple coverages under one policy form
- Seamless coverage integration
- Claims reporting efficiencies
- Mitigation of potential coverage gaps
- One renewal date for all coverages
IMI Plus also provides customizable solutions, with comprehensive packages and modular options tailored to meet clients' specific needs. Additionally, WTW’s Global FINEX Claims Advocacy Team offers swift, expert claims resolution. Clients who demonstrate strong operational risk management may qualify for preferred pricing upon completing an independent assessment by WTW’s investment division.
“By integrating WTW’s global expertise with client-focused solutions, IMI Plus empowers organizations with the confidence needed to navigate today’s complex risk landscape and is a reflection of our firm’s commitment to the asset management industry,” said Timothy Sullivan, Director, Asset Management Industry Leader, Willis.
“IMI Plus represents a significant step forward in how asset managers can approach liability coverage,” said Henry Keville, Head of FINEX GB Financial Institutions, Willis. “Through the collaboration of our global network and extensive support from insurers, we are proud to deliver yet another market-leading solution that addresses the evolving risks faced by our clients in the U.S. market.”
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Learn more at wtwco.com.
Media Contact
Douglas Menelly
Douglas.Menelly@wtwco.com +1 (516) 972 0380
Arnelle Sullivan
Arnelle.Sullivan@wtwco.com +1 (718) 208-0474
FAQ
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