Introducing ProXS by Willis: Enhancing Professional Indemnity Coverage
Willis, operating as a part of WTW, is proud to announce the launch of ProXS, a revolutionary solution designed to elevate Professional Indemnity insurance with a substantial capacity of CCY40m. This innovative offering aims to provide comprehensive and cost-effective coverage tailored to meet the evolving needs of professional organizations.
The ProXS solution is characterized by its inclusion of competitive panels sourced from both Lloyd’s and company markets. This strategic inclusion enables clients to access pre-negotiated discount premiums, ensuring they receive optimal market pricing for a myriad of risk mitigation scenarios.
ProXS offers a variety of bespoke coverage options tailored specifically for professional firms, empowering them to effectively align their growth strategies within a dynamic business landscape. Notably, the facility simplifies the process for mid-term adjustments, facilitating swift and efficient coverage without the typical complexities or delays.
Moreover, ProXS provides the flexibility of an extended policy period lasting up to 18 months, granting clients additional security and assurance.
Gary Caley, Head of PI for GB FINEX at Willis, remarked: “Our commitment to understanding the unique challenges faced by professional firms in an ever-evolving business environment forms the foundation of ProXS. The insurers partnering with us share this commitment to safeguarding and enabling our clients’ businesses.”
Jeremy Wall, Global Head of FINEX at Willis, added: “I am thrilled with this innovative development, which enhances our ability to offer superior protection and choice. ProXS is already delivering an advanced level of certainty to a diverse array of our clients, and we are optimistic it will serve a multitude of other firms in the future.”
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