Our approach to subsea cable risk management
Understand your project through technical analysis of project exposures and contractual reviews.
Determine the unique and customised needs of your project, including risk mitigations, risk tolerances and ultimately risk transfer.
Negotiate a draft insurance program to be reviewed by you and your contractors for each line of insurance.
Deliver a program that meets rigorous standards and is mutually agreed upon by all stakeholders.
Optimise and continuously enhance your risk transfer placements throughout your project life cycle, all the way through to decommissioning at the end of the asset’s life span.
Our key added value
Solutions designed specifically for your needs
Every project is unique, and as a result, each risk transfer solution must be tailored accordingly.
The subsea cable industry is advancing with the development of new cable types, installation of cables at greater depths, increased capacity for cable transportation on vessels, and production of longer cable lengths, surpassing previous capabilities. The risk transfer and risk advisory functions at WTW possess extensive experience in understanding and addressing the exposures associated with these advancements.
Risk engineering specialists available as a reference point for technical advice.
Program Design specialists who work with you to ensure your contractual arrangements are covered while receiving the optimal risk transfer solution.
Claims specialists with experience, having settled some of the insurance markets largest sub sea cable claims and with established links to marine warranty surveyors and loss adjusters.
Wording specialists who create a policy form that is bespoke to your exposure as no one project is the same.
We specialise in crafting customised and personalised risk placements, ensuring tailored solutions that address specific risks effectively.
Global Reach, delivered locally
Our global team of specialists are strategically positioned to provide localised delivery of tailor-made solutions. So you can take full advantage of our extensive network and localised expertise for maximum benefit.
We have access to extensive global knowledge on the subsea sector, which we readily share with our clients through our established local relationships. This ensures that our clients receive up-to-date and relevant insights about the subsea industry, tailored to their specific needs and delivered through our well-connected network.
As a unified team, we collaborate seamlessly to meet your project needs. This means that at any given moment, a dedicated professional from anywhere in the world could be actively working on your programme, ensuring that you receive excellent service and results.