Posted on 28 Nov 12 by Annie George
Business Insurance, one of the foremost and most authoritative media voices reporting on the insurance markets, has recognized Towers Watson, a global professional services company, as the most productive agent/broker of U.S. business. Towers Watson’s brokerage business covers all major lines of insurance business, and maintains trading relationships with more than 200 reinsurers and underwriters at Lloyd’s of London.
According to Business Insurance, Towers Watson, which is the world’s fourth-largest reinsurance broker and a leading insurance risk specialist, attained an impressive productivity metric of $350,427 per employee in 2011. This metric is derived from Business Insurance’s methodology, which calculated insurance brokerage revenue by number of brokerage employees.
“We take great pride in Business Insurance’s recognition of our work and are committed to maintaining a high level of productivity while providing tremendous value to our clients,” said Tricia Guinn, global leader of Risk and Financial Services at Towers Watson. “We rely on our sophisticated software that we leverage from our leading risk consultancy business to provide solutions for our clients. We also have outstanding broking staff who understand what clients need, and what markets will support, to complete efficient transactions.”
Business Insurance is a weekly magazine that covers a wide range of insurance functions, including the operational and strategic concerns of brokers, insurers and reinsurers. The magazine serves the business executive community responsible for the purchase and administration of corporate insurance and self-insurance programs.
About Towers Watson
Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. The company offers solutions in the areas of benefits, talent management, rewards, and risk and capital management. Towers Watson has 14,000 associates around the world and is located on the web at towerswatson.com.