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Marine cargo insurance solutions for luxury brands

Helping provide innovative solutions for luxury brand companies to protect their goods while in-transit or held in inventory.

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Luxury is a truly global growth industry. Precious raw materials and luxury inventory circulate constantly around the globe, either in transit, on consignment or at specific locations for sale or distribution.

The luxury universe is large and diverse, with some items requiring bespoke security concepts and specialist carriers while others rely on online distribution and regular carriers, and distributors.

Individual items can range from unique and bespoke pieces to more volume items such as fashion and accessories and many of our clients will have a blend of both.

We work in conjunction with our luxury clients to understand the nuances of their risk profile and specific features of their business model and physical operation.

Our teams bring an integrated approach, with measured evaluation of risk and technical programme design. This enables us to develop a tailored solution to cover the exposures, from where the luxury item is manufactured to its intended destination.

How we do it

  • We review and understand risk exposures to your luxury brands business and the potential impact of large loss scenarios across the supply chain.
  • We understand the complex contractual relationships between those operating in this sector.
  • Our robust analytics allow us to measure the exposure, model the total cost of risk, and challenge market pricing.
  • We ensure that indemnity under the policy reflects the appropriate value of inventory at each stage of the value chain.
  • Our bespoke policies protect profit margins and interface seamlessly with property damage and business interruption policies to reduce exposure.
  • We offer a tailored stock throughput policy with a single set of policy terms to create coverage continuity for inventory whether in transit or at rest.

Our driving philosophy is that any cargo or jewellery block policy must support and not impede your business operations.

Working collaboratively with a preferred panel of partner insurers, we will negotiate a risk programme which delivers maximum flexibility to carry out your business by agreeing the widest policy cover and operational flexibility in advance.

Our dedicated Global Support Services team is on hand to advise on territorial compliance and best practice.

How we can help

Our cargo team delivers an integrated risk and claims consultancy toolkit including:

Analytics and technology

We utilise our core suite of in-house analytics tools, to develop and highlight the strengths of your risk profile to the marketplace for the most competitive results.

Our innovative RADAR platform is a secure web-based application, which provides immediate access to negotiable cargo insurance certificates with real-time access to claims data, policy information, and shipment tracking.

Risk consulting and loss control

Our team of marine risk consulting specialists develops strategies to help with protecting your product, assist with logistic carrier selection, review carrier liability contracts, and identify potential loss trends.

Claims advocacy

From first notice of loss to final settlement – our Marine Claims Advocacy team will provide a proactive and consultative approach throughout the entire claims process to ensure the most successful outcome.

Why choose WTW?

Knowledge and experience

Strategic understanding of the luxury brands industry evidenced by the deep experience within the team.

The power of innovation

Marine industry knowledge and client insight driving innovation, such as blockchain and smart contracts.

Global capabilities

A global team of 600+ marine experts supporting your opportunities across our marine centres of excellence.

Market strength

Streamline costs and coverage enhancements maximised by coordinated access to the global marine insurance marketplace.

Market analysis

Insightful market selection based on settlement performance, loss prevention and emergency response as well as financial security.

Beyond the marine transaction

As your risk adviser we have a connected approach to risk, providing guidance on all aspects of your operation, whilst optimising total cost of risk.

Supporting you at critical times

Clear, effective advice and support in the event of a major loss, provided by our claims advisory and in-house adjusters.

Creating partnerships

Working together to harness your position as the best advocate of the risk, early selection and choice of the most appropriate strategic insurance partners.


WTW offers insurance-related services through its appropriately licensed and authorised companies in each country in which WTW operates. For further authorisation and regulatory details about our WTW legal entities, operating in your country, please refer to our WTW website. It is a regulatory requirement for us to consider our local licensing requirements.

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