TLDR:

WTW has introduced “IMI Plus,” an enhanced investment management insurance solution that provides unified coverage, operational efficiency, tailored solutions, and expert claims advocacy support for investment managers.

• Unified vs Fragmented Coverage
• Operational Efficiency

WTW’s IMI Plus simplifies risk management for asset managers by offering a comprehensive insurance solution under one streamlined policy, including cyber coverage and tailored options. The solution aims to reduce administrative burden, provide expert claims support, and reward strong operational risk management.

Full Article:

WTW has launched “IMI Plus,” a new investment management insurance solution specifically designed for asset managers. The solution aims to address the needs of various asset managers, including wealth managers, hedge funds, private equity firms, and real estate strategies, by providing unified coverage under one policy.

Key features of IMI Plus include:

• Unified vs Fragmented Coverage: IMI Plus combines critical protections under one streamlined policy, eliminating the need for multiple policies.
• Operational Efficiency: Asset managers can now streamline their insurance process with one comprehensive policy, reducing administrative burden.
• Tailored Solutions: IMI Plus can be customized to fit the specific needs of each investment manager, offering both complete packages and modular options.
• Expert Claims Advocacy Support: WTW’s global claims advocacy team is available to assist efficiently in the event of a claim.

According to Henry Keville, head of FINEX GB Financial Institutions at WTW, the mission of IMI Plus is to simplify risk management processes for investment managers and offer comprehensive insurance coverage that enhances coherence and operational efficiency. Susan Finbow, global head of FINEX Financial Institutions at WTW, highlights that IMI Plus provides a holistic view of financial lines risks faced by investment managers, allowing them to focus on growing their business.