Willis, a WTW business, has launched ProXS, a new professional indemnity solution offering a CCY40m capacity for professional firms. The company states that the product features competing panels from both Lloyd’s and the company markets, ensuring clients can access the most competitive terms available. Pre-agreed discount premiums form part of the offer, enabling clients to secure a suitable market price for their risk mitigation needs. ProXS provides tailored coverage designed specifically for professional firms, supporting them as they adapt their growth strategies amid volatile business conditions. The firm highlights that the product also streamlines the process for mid-term adjustments, allowing flexible coverage to be implemented swiftly and with fewer administrative hurdles. Clients can also benefit from an extended policy period of up to 18 months. Jeremy Wall, global head of FINEX at Willis, stresses: “I am delighted with this latest innovation which will allow us to provide even better protection and choice. “ProXS is already providing an enhanced level of certainty to a wide range of our clients and we are confident that it will benefit many other firms in the future.”
