Willis Towers Watson launches Tech, Media and Telecom Differentiated Broking Solutions
Willis Towers Watson has announced the launch of its Tech, Media and Telecom Differentiated Broking Solutions (TMT DBS)...
This solution adds to the roster of existing DBS programs of General Industry DBS, Financial Institutions DBS and Real Estate DBS.
The TMT DBS will serve clients in several industries, including electronics, hardware, semiconductor, internet, data networking, telecom, print media, broadcast and advertising, and software and tech services. The TMT DBS builds on the current Willis Towers Watson TMT Panel for small enterprises and will provide coverage for clients with $50 million to $5 billon in turnover.
Coverage for TMT DBS is available for the property & casualty sector and includes property, general liability, business auto, workers compensation and umbrella insurance.
“The uncertain and rapidly changing insurance market, combined with increasing exposure to risks faced by our clients, requires an insurance risk transfer strategy to effectively navigate these perilous times,” said Joe Peiser, global head of Broking, Willis Towers Watson. “This product, like our other successful DBS offerings, minimizes clients’ exposure and provides customized, cost-effective, efficient solutions. It’s perfect for clients who value insurance partners that fully understand their business.”
“This new DBS offers innovative solutions for clients in the technology industry, while the DBS brand continues to provide value-driven products and services,” said Jim O’Connor, head of Middle Market and Specialty Broking. “We are pleased to partner with the key carriers Chubb, CNA, Hartford, Sompo, Travelers and Zurich to ensure we can continue to help our clients access the best coverage and services the market has to offer.”
Sara Benolken, global head of Tech, Media and Telecom, Willis Towers Watson, adds, “The TMT industry is constantly evolving to meet the challenges from an emerging customer demand. The TMT DBS provides an opportunity for clients to stay ahead of those ever-changing risks and make sure they have the best coverage to protect them.”
Differentiated Broking Solutions will continue to build customized solutions for industries requiring specialization, including construction, health care, the not-for-profit/public sector, education, transportation, energy/utilities and agriculture.