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Industry Sektor

Professional Services Practice

Our Professional Services practice can help address the unique people and risk management needs for professions like accountants, architects and attorneys.

The world is facing unprecedented changes. Workers are more mobile than ever. Gone are the days of fighting for the best office as your employees can work virtually from anywhere there is internet access. Whether you are an accountant, architect or an attorney, soon — if not already — you may even have non-human workers powered by artificial intelligence (AI). These changes require new ways to manage employees and risk. To help you navigate this changing world, Willis Towers Watson’s Professional Services practice can address your people and risk management needs.

Our team has specialist knowledge and we have developed market facilities with bespoke solutions for the following professions:

  • Financial institutions
  • Hedge funds
  • Technology / cyber risks
  • Property funds
  • Accountants
  • Solicitors
  • Architects
  • Engineers
  • Venture capital
  • Media
  • Aircraft securitisation
  • Business advisors / management consultants
  • Insolvency practitioners

We aim to develop solutions that enable clients to manage their risk and people efficiently and effectively.

Our intellectual and technical strengths equip us to deal with virtually any risk or human capital challenge that you might encounter. We strive for excellence in the delivery of our services and deliver objective advice backed by sound logic and data where available.

Some of the issues you may face include:

  • Compensation
  • Data breaches, cyber crime and theft of client information
  • Talent retention
  • Advancements in data and analytics

Willis Towers Watson works with your senior leadership to develop and implement strategies that can address these issues and help bring long-term growth to your organization.

A focus on your talent

In professional services, your greatest asset is your talent. We can help you develop HR programs to attract and retain the critical talent you need to succeed. Whether it is full-time professionals or contingent workers for a specific project, we understand that every professional services organization has distinctly different human capital needs. We can help you tailor HR programs to your unique requirements.

Our HR offerings include:

  • Benefits administration and outsourcing
  • Change management
  • Compensation strategy and design
  • Contingent workforce management
  • Executive compensation
  • Future of work
  • Health and benefits
  • Inclusion and diversity
  • Mergers and acquisitions
  • Retirement
  • Talent
  • Total rewards
  • Wellbeing

Managing your risks

We also have the resources necessary to provide professional service clients with insurance brokerage, risk analytics, and risk management consulting. In an industry where people are paramount, we serve as a hands-on extension of your risk management department. We recognize that every firm is unique in their risk financing and risk control needs.

Our risk management offerings include:

  • Professional indemnity
  • Financial, executive and professional risks (FINEX)
  • Medical malpractice
  • Directors' & officers' liability
  • Employment practices liability
  • Network privacy / cyber risk liability
  • Cyber insurance
  • Pension trustee liability
  • Crime
  • Mergers and acquisitions – warranty and indemnity insurance
  • Property and casualty insurance
  • General insurance program reviews

The Willis Towers Watson Professional Services practice comprises a highly resourced and experienced team that operates in a demanding market. These attributes enable us to deliver highly competitive and innovative solutions to our clients and to provide a high level of service on an ongoing basis. This extends to expert management of complex claim issues.

Footnote

Willis Towers Watson Insurances (Ireland) Limited, trading as Willis Towers Watson is regulated by the Central Bank of Ireland. In the UK, Willis Towers Watson Insurances (Ireland) Limited is authorised by the Central Bank of Ireland and is subject to limited regulation by the Financial Conduct Authority.

Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.

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