LONDON, July 2, 2024 — WTW (NASDAQ: WTW), a premier global advisory, broking, and solutions firm, has unveiled IMI Plus, a robust investment management insurance solution tailored to address the diverse needs of asset managers, including wealth managers, hedge funds, private equity firms, and real estate strategies.
IMI Plus is designed to provide comprehensive risk management through a unified policy framework, eliminating the complexities associated with multiple insurance policies and mitigating the risk of coverage gaps.
Key features of IMI Plus include:
Integrated Coverage: Unlike traditional insurance models that require multiple policies, IMI Plus consolidates essential protections into a single, streamlined policy. This includes extensive cyber coverage and other unique benefits under one comprehensive IMI policy.
Enhanced Operational Efficiency: The solution simplifies insurance management with a single policy, replacing the need to handle numerous agreements and renewal dates.
Customizable Solutions: IMI Plus offers flexibility with options for complete packages or modular coverage tailored to the specific needs of investment managers.
Expert Claims Advocacy: WTW’s distinguished global claims advocacy team is available to provide prompt and effective support in the event of a claim.
In addition, IMI Plus incentivizes robust operational risk management by offering a premium discount to investment managers who successfully complete WTW Investment Division’s independent operational due diligence assessment.
Henry Keville, Head of FINEX GB Financial Institutions at WTW, remarked: “Investment managers today face complex risk management challenges, often managing multiple insurance agreements and renewal timelines. Our goal is to simplify this process by offering a unified insurance solution that enhances coverage coherence and reduces operational burden. By integrating our risk management expertise and operational due diligence, we aim to bridge the insurance gap for our clients, optimizing their coverage and efficiency.”
WTW’s IMI Plus represents a strategic advancement in investment management insurance, aligning with the firm’s commitment to delivering comprehensive, streamlined solutions for its clients.
