How can we help you manage your property risks?

We help you take a clear, structured approach to understanding and managing your property risks. From identifying exposures to finding the right risk transfer solutions, we work with you to build a strategy that protects your assets and supports your wider business objectives.

• Identify and quantify the specific risks affecting your locations.
• Find the most efficient, effective way to manage and transfer your risks.
• Access global insurance markets through a single point of contact.
• Improve your negotiating position with insurers.

What insights can we offer through property risk analytics?

We use sophisticated modeling tools and portfolio analysis to help you identify and quantify risks by occupancy and location, giving you a clearer view of your actual exposures. Based on the results, you’ll be able to answer key questions and make better decisions, such as:

• Which risks to transfer and which to retain.
• Whether to raise deductibles or lower limits for some assets, based on the level of risk.
• Whether alternatives such as captives or parametric insurance solutions could be more cost-effective for certain risks.

We can also help calculate what your premium should be, positioning you for more effective conversations with your insurers to get better results.

How can our global approach optimize your property insurance?

Armed with better data and insights, we’ll work with you to build an insurance program around your specific risks and find solutions that fit your organization’s needs.

Our unified global team provides a single point of access to international property insurance capacity, helping you access the right markets for your needs.

We’ll go further to find the right markets for your risks and get the best deals through our global placement hubs in London, Madrid, Bermuda, Miami, Dubai, Singapore, Hong Kong and Shanghai, leaving no stone unturned in the search for better terms and pricing.

Our global Willis digital facility, Gemini, offers fast, discounted automatic follow capacity for all in-scope Property & Casualty risks via our digital Broking Platform.

Alongside Gemini, our International and North American property facilities, as well as a range of line- and industry-specific facilities, provide a fast and efficient route to global market capacity without the need to present risks to multiple insurers.

What kind of property insurance solutions can we tailor for your business?

We explore multiple options to improve protection for your assets and balance sheet, while helping to control your costs, drawing on a wide range of tailored solutions, including:

• Global property and business interruption insurance programs
• Stand-alone catastrophe peril coverage, including wind, earthquake and flood
• Deductible buydowns
• Shared or layered placements, including quota-share programs
• Parametric solutions

Why choose our property insurance services?

By working with us, you will benefit from:

• Improved risk transfer and premium spend targeted at actual exposures and business needs.
• Easy access to global insurance capacity.
• A seamless experience of placement and claims through one point of contact.
• Certainty of wording through specialists dedicated to eliminating ambiguities.
• Cover for a wide range of sectors and occupancies, from large corporate estates to single buildings.
• Fast and efficient claims, with access to claim advocates who negotiate with decision makers on your behalf.

By pooling our collective expertise, our global property team will provide the actionable insights and strategic thinking you need to meet your short- and long-term objectives.

Case study 1

Large rental housing provider secures better terms at lower cost

A U.S. company managed large stocks of apartment buildings, student accommodation and retirement homes, with many properties in catastrophe prone states and a history of large loss events. The business faced challenges getting the cover it needed on reasonable terms at an acceptable cost. Working as one global team, we marketed the program exhaustively in the U.S., as well as through our London and Bermuda hubs, to generate interest and create competitive tension. As a result the program was over-subscribed. We were able to negotiate increased limits for the company’s natural catastrophe risks, achieving sizeable reductions in total premium.

Case study 2

Site-specific earthquake modeling secures rate reduction

A company with properties in an earthquake zone faced a sharp rise in premiums as a result of their insurer’s generic assumptions about their exposures. Our natural catastrophe analytics team carried out detailed modeling of the risk based on location, building type and loss history, and found that the assumptions significantly overestimated the likelihood and severity of earthquake damage. This enabled us to negotiate a major rate reduction compared to the renewal quote.

Talk to us

If you would like to find out how our team can help you navigate your property risk exposures, find the right solutions in the global marketplace and optimize your risk strategy, please get in touch.