marine: sharing your risk journey - willis towers watson...registered address: 51 lime street,...
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Marine: Sharing your risk journey
Unlocking your industry’s potential
Willis Towers Watson Marine is a world leading Marine broker, delivering innovative risk solutions since 1828.
Advisory | Analytical broker | Consultancy
Understanding people and risk. The new path to growth.
USD 3bn of Marine premiums
placed worldwide
92% client retention rate
More than 60% of global container capacity controlled
by our clients
Marine: Trends and risk solutions
n Hull and machinery insurancen Protection and indemnity insurancen Ports and terminals insurancen Marine liabilities insurancen Shipyard risks, new build and repairn War, terrorism and political violencen Piracy, kidnap and ransom; advisory and solutionsn Business interruption and supply chain disruption
Operational and strategic risk solutions
Key industry trends
By 2024 Panama Pacific coast throughput will reach 6 million TEUs, doubling current figures
2015 Lloyd’s Loading List
90% of all world trade delivered by shipping 2015 International Chamber of Shipping
n Alternative risk transfer solutionsn Environmental liability protectionn Cyber incident prevention and mitigationn Captive advisory and managementn Directors’ and officers’ insurancen Credit risk solutions n Merger and acquisition servicesn Crime insurance n Professional indemnity insurancen Reputational risk protection and crisis management
Key industry trends
Board, financial and regulatory risk solutions
USD 375bn – USD 575bnCyber crime estimated annual costs to the global economy
2014 McAfee study
USD 500bnImplementing new environmental regulations is estimated to cost shipping organisations over USD 500bn by 2025
2015 International Chamber of Shipping
n Global harmonisation of benefits n Employee benefits poolingn Health and wellness programmesn Pension scheme managementn Accident and health, travel solutions including
emergency repatriationn Human resources consultancyn Talent and assessment managementn Organisation change managementn Benchmarking compensation solutionsn Relocation risks
Key industry trends
Human capital risk solutions
By 2018 There will be a shortfall of 21,700 shipping officers worldwide
2014 Manning Annual Report
By 2030It is estimated that 8 of the world’s 10 largest cities will be city ports
2013 Global Mega Trends Lloyd’s Register
A strong client focus, an emphasis on teamwork, unwavering integrity, mutual respect and a constant striving for excellence are the values at the core of the new Willis Towers Watson organisation.
39,000 colleagues
in 120+ countries
Scale, diversity and financial
strength USD 8.2 billion
revenue
A deep history dating back
to 1828
A Truly Compelling Combination
Willis Towers Watson colleagues can be found all around the world:
North America: 36%
Great Britain: 16%Western Europe: 18%
International: 30%
Total: 39,000
Our distinct, connected perspective across talent, assets and ideas unlocks potential for our clients. While many just look at mitigating the downside, we see how a unified approach to people and risk is a path to growth.
Powered by market analytics and behavioural insight, our integrated teams reveal hidden value within the critical intersections of our clients’ organisations. We design and deliver solutions that manage risk, optimise benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals.
We aim to be the leading global advisory, broking and solutions company. We have relationships with:
4 Corporate Risk and Broking
Exchange Solutions
Human Capital and Benefits
Investment, Risk and Reinsurance
Business Segments
5ValuesClient FocusTeamworkIntegrityRespect Excellence
85% of the U.S. Fortune 1000
90% of the Global Fortune 500
Willis Limited, Registered number: 181116 England and Wales.Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd’s Broker. Authorised and regulated by the Financial Conduct Authority for its general insurance mediation activities only. 15704/05/16
willistowerswatson.com
ContactBen Abraham CEO, Marine t: +44 (0)20 3124 7786 e: [email protected]