Global professional services company Towers Watson has forayed into the benefits brokerage space in India by entering into a joint venture partnership with Metis Insurance Brokers, which specialises in providing solutions in employee benefits to corporations.
“We only own a minority percentage…we can only be a 26% owner in the business in the insurance part, and hope to go up to 49%,“ Gene Wickes, global managing director for benefits line of business at Towers Watson, told ET.
Metis is a direct insurance broker that provides solutions in employee benefits, primarily health, disability , life and overseas travel to corporates. Towers Watson helps organisations improve performance through effective people, risk and financial management.
With 15,000 associates around the world, Towers Watson offers consulting, technology and solutions in areas of benefits, talent management, rewards, and risk and capital management.
“We want to help our clients on two fronts -one is to ensure that we get the best value in terms of insurance cover and doing that in a very transparent way .And secondly , helping them tackle the issues of wellness in the organisation,“ said Andrew Heard,MD for Towers Watson’s benefit business in Asia Pacific.
As part of the Towers Watson Benefits Trends Survey 2013, it asked more than a 1,000 clients across A-Pac about the top 3 benefits that their employees valued. In every country , retirement and health were the top-most valued benefits.
Source : The Economics Times
Date : 9th Jan 2015