WTW Launches Innovative IMI Plus Product
Willis Towers Watson (WTW) is excited to share the launch of its Investment Management Insurance (IMI) Plus product, now available in the U.S. Designed to empower asset managers, IMI Plus was previously introduced in other regions, and this expansion signifies WTW's commitment to addressing the needs of clients in the highly competitive asset management space.
Covers Comprehensive Risks
The IMI Plus product is a groundbreaking offering that provides essential coverages including cyber liability, employment practices liability (EPL), directors’ and officers’ (D&O) liability, errors and omissions (E&O) liability, and crime solutions, all interconnected in a single policy. This approach not only simplifies the management of multiple risks but also enables asset managers to optimize their operational efficiency.
Benefits of the IMI Plus Policy
Some of the standout benefits of adopting the IMI Plus policy include:
- Multiple risk areas covered under one unified policy
- Efficient integration of coverage options
- Streamlined claims reporting processes
- Reduction of potential coverage gaps
- Consolidated renewal dates
This consolidated approach aids clients in not only minimizing administrative burdens but also in enhancing focus on core business functions, allowing for more strategic decision-making.
Customizable Solutions for Clients
WTW also emphasizes the flexibility of IMI Plus, offering tailored packages that can be customized to meet the specific operational needs of each client. Moreover, with the Global FINEX Claims Advocacy Team at their service, clients benefit from swift and expert claims resolution, ensuring they remain well-supported in every step of their risk management journey.
Preferred Pricing Opportunities
Clients who showcase robust operational risk management practices might be eligible for preferred pricing, contingent upon an independent assessment by WTW’s specialized investment division. This incentive is especially attractive for organizations aiming to optimize their cost structures while maintaining comprehensive risk coverage.
Expert Insight from WTW Leadership
“By integrating WTW’s global expertise with client-focused solutions, IMI Plus equips organizations with the confidence to navigate today's intricate risk landscape,” said Timothy Sullivan, Director, Asset Management Industry Leader at WTW. This sentiment highlights the importance of collaboration and expertise in addressing modern risks.
Henry Keville, Head of FINEX GB Financial Institutions, echoed the sentiment, stating, “IMI Plus represents a significant evolution for asset managers concerning liability coverage. Our dedicated team, backed by extensive insurer relationships, is eager to deliver cutting-edge solutions to meet evolving client needs.”
WTW's Commitment to Excellence
WTW remains dedicated to offering data-driven, insight-led solutions across various sectors, including risk management. Their dedication is evident in their broad-reaching network, comprising professionals in 140 countries committed to enhancing resilience and maximizing performance for their clients.
Contact WTW for Media Inquiries
For further details or media inquiries regarding IMI Plus and other offerings, please reach out to:
Douglas Menelly
Contact: Douglas.Menelly@wtwco.com | Phone: +1 (516) 972 0380
Arnelle Sullivan
Contact: Arnelle.Sullivan@wtwco.com | Phone: +1 (718) 208-0474
Frequently Asked Questions
What is IMI Plus by WTW?
IMI Plus is an integrated insurance product designed for asset managers, combining essential coverages into one cohesive offering.
What are the key benefits of IMI Plus?
The policy simplifies administration, enhances operational efficiency, and reduces potential coverage gaps, offering multiple coverages under one policy.
How can clients qualify for preferred pricing?
Clients demonstrating strong operational risk management through an assessment by WTW may qualify for preferred pricing options.
Who can benefit from IMI Plus?
Asset managers and organizations in need of comprehensive liability protection can benefit significantly from the IMI Plus policy.
How does WTW support claims resolution?
WTW's Global FINEX Claims Advocacy Team provides quick and expert claims resolution to assist clients in managing incidents effectively.
