Insurance brokerage Willis Towers Watson has launched Tech, Media and Telecom Differentiated Broking Solutions (TMT DBS).
This new solution adds to the company’s DBS programmes of General Industry DBS, Financial Institutions DBS and Real Estate DBS.
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The TMT DBS builds on the existing Willis Towers Watson TMT Panel for small enterprises and will offer coverage for clients with $50m to $5bn in turnover.
It will serve customers in various industries, including electronics, hardware, semiconductor, internet, data networking, telecom, print media, broadcast and advertising, as well as software and tech services.
Willis Towers Watson Broking global head Joe Peiser said: “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.
“This product, like our other successful DBS offerings, minimises clients’ exposure and provides customised, cost-effective, efficient solutions. It’s perfect for clients who value insurance partners that fully understand their business.”
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By GlobalDataThe company noted that the coverage for TMT DBS is available for the property and casualty sector. It includes property, general liability, business auto, workers compensation and umbrella insurance.
Willis Towers Watson Media and Telecom global head of Tech Sara Benolken said: “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.”
Last week, Willis Towers Watson has snapped up UK-based climate change adaptation advisory and analytics services provider Acclimatise.
