WTW introduces enhanced investment management insurance solution

WTW has introduced IMI Plus, an enhanced investment management insurance solution. IMI Plus is designed to meet the needs of various asset managers, including wealth managers, hedge funds, private equity firms, and real estate strategies.

WTW said that IMI Plus aims to provide comprehensive and unified risk management, reducing the administrative burden of multiple policies and the risk of protection gaps.

The global broker said that unlike traditional insurance options that segment coverage into separate policies, IMI Plus combines critical protections under one streamlined policy, including comprehensive cyber coverage and other benefits.

The solution streamlines the process with one comprehensive policy instead of managing multiple agreements and renewal dates. Additionally, IMI Plus can be customized to fit each investment manager’s specific needs and is available as a complete package or as modular options for targeted coverage.

WTW also highlighted that its global claims advocacy team is available to assist swiftly and efficiently in the event of a claim.

By leveraging WTW’s expertise in operational due diligence, IMI Plus offers a premium discount to investment managers upon successful completion of WTW Investment division’s independent operational due diligence assessment.

Henry Keville (pictured above, left), head of FINEX GB Financial Institutions, stated that modern investment managers face increasingly complicated risk management, often juggling multiple insurance agreements and renewal dates for critical coverages.

“Our mission is to simplify their processes and offer a comprehensive insurance solution that enhances coverage coherence and eases operational complexities. All this whilst rewarding good operational risk management using our Investment Division’s operational due diligence expertise. One WTW working smarter to close the insurance gap for our clients by bringing our knowledge of risk and capital together,” Keville said.

Susan Finbow (pictured above, right), global head of FINEX Financial Institutions at WTW, added that WTW’s IMI Plus is a one-and-done coverage solution that takes a holistic view of the various financial lines risks faced by investment managers.

“Simplifying and streamlining the purchase of a single comprehensive policy allows investment managers to devote less of their time procuring multiple insurance contracts and more of their time growing their business,” Finbow said.

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