Marine: Sharing your risk journey - Willis Towers Watson...Registered address: 51 Lime Street,...

8
Marine: Sharing your risk journey

Transcript of Marine: Sharing your risk journey - Willis Towers Watson...Registered address: 51 Lime Street,...

Page 1: Marine: Sharing your risk journey - Willis Towers Watson...Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd’s Broker. Authorised and regulated by the Financial Conduct

Marine: Sharing your risk journey

Page 2: Marine: Sharing your risk journey - Willis Towers Watson...Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd’s Broker. Authorised and regulated by the Financial Conduct

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

Page 3: Marine: Sharing your risk journey - Willis Towers Watson...Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd’s Broker. Authorised and regulated by the Financial Conduct

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

Page 4: Marine: Sharing your risk journey - Willis Towers Watson...Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd’s Broker. Authorised and regulated by the Financial Conduct

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

Page 5: Marine: Sharing your risk journey - Willis Towers Watson...Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd’s Broker. Authorised and regulated by the Financial Conduct

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

Page 6: Marine: Sharing your risk journey - Willis Towers Watson...Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd’s Broker. Authorised and regulated by the Financial Conduct

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

Page 7: Marine: Sharing your risk journey - Willis Towers Watson...Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd’s Broker. Authorised and regulated by the Financial Conduct

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

Page 8: Marine: Sharing your risk journey - Willis Towers Watson...Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd’s Broker. Authorised and regulated by the Financial Conduct

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]