WTW introduces next generation investment management insurance solution

WTW announced the introduction of IMI Plus, an enhanced investment management insurance solution designed to meet the needs of all kinds of asset managers, including wealth managers, hedge funds, private equity firms and real estate strategies...

IMI Plus ensures thorough and unified risk management without the administrative burden of multiple policies, reducing the risk of unintended protection gaps.

Key features include:

• Unified vs Fragmented Coverage: Unlike traditional insurance options which segment coverage into separate policies, IMI Plus combines them with critical protections under one streamlined policy, which now includes comprehensive cyber coverage as well as other unique benefits under a single IMI policy.
• Operational Efficiency: Streamlined process with one comprehensive policy instead of juggling multiple agreements and renewal dates.
• Tailored Solutions: The solution can be customised to fit each investment managers’ specific needs and is available as a complete package or as modular options for targeted coverage.
• Expert Claims Advocacy Support: WTW’s renowned 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 rewards strong operational risk management by offering a premium discount to investment managers upon successful completion of WTW Investment division’s independent operational due diligence assessment.

Henry Keville, Head of FINEX GB Financial Institutions, said: “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.”

“WTW’s IMI Plus is a one and done coverage solution that takes a truly holistic view to the various financial lines risks faced by investment managers,” said Susan Finbow, Global Head of FINEX Financial Institutions at WTW. “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.”