Corporate Risk and Broking North America launches innovative new approach to industry specialization based on extensive client input

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[{"type":"text","content":"NEW YORK, Dec. 19, 2022 (GLOBE NEWSWIRE) -- WTW (Willis Towers Watson, Nasdaq: WTW), a leading global advisory, broking, and solutions company, today announced that its North American Corporate Risk and Broking (CRB) business has launched a new strategy which enhances its client proposition through aligning the entire value-chain of internal resources through industry specialization. The new strategy brings together all WTW’s North American Corporate Risk and Broking capabilities, client services and industry specialist knowledge through a newly integrated approach to industries. Aligning WTW resources with specialist industries to operate as stand-alone businesses within North America, while remaining fully connected to CRB’s global expertise, this innovative client model launches with an initial twelve specific industries. The strategy represents a significant enhancement of the company’s long standing global industry specialization strategy. Michael Chang, Head of Corporate Risk and Broking, North America, WTW, commented, “Having listened closely to the needs of our clients, we are thrilled to launch this enhanced industry specialization approach in North America. Industry specialization is nothing new, but the traditional broking industry approach is outdated for this market. This new model, aligning all WTW’s North American resources through an industry lens built around individual client risk profiles and needs, including product specialization, data, analytics, broking, claims advocacy, service, risk control, technology and innovation, provides a truly unique client proposition. Every client deserves specialization - whatever their size, location, or industry, they will benefit from our specialist knowledge.” While the client’s industry sector will be the primary organizing principle, the specialization model has two additional pillars that will inform our client value proposition, including insurance solutions and client segment specialists. These specialty teams, including our Property & Casualty, Financial & Professional and Surety lines of business, will both be imbedded within WTW’s industries and remain available to all clients. Additionally, distinct client management teams with deep experience advising clients in the Middle Market, Large and Fortune 1000 segments will continue to serve clients both within and outs...

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