Willis, part of WTW, has launched its Investment Management Insurance (IMI) Plus product for US clients.
IMI Plus was initially introduced in July 2024 for clients in the UK and Canada, targeting the specific needs of asset managers. The product provides a unified management and professional policy that addresses key risk categories under one comprehensive offering.
Key coverages include cyber, employment practices, directors and officers (D&O), errors and omissions (E&O), and crime liabilities.
The firm says by consolidating these coverages, IMI Plus simplifies policy administration and enhances operational efficiency for asset managers. The policy also mitigates potential coverage gaps and offers claims reporting efficiencies, enhancing risk management process.
Additional benefits include a single renewal date for all coverages and customisable options tailored to clients’ requirements.
Timothy Sullivan, director and asset management industry leader at Willis, highlights: “By integrating WTW’s global expertise with client-focused solutions, IMI Plus empowers organisations with the confidence needed to navigate today’s complex risk landscape and is a reflection of our firm’s commitment to the asset management industry.”
