Willis launches new professional indemnity solution

Willis, a WTW business, has launched a new Professional Indemnity solution named ProXS with a CCY40m capacity. The new facility is designed to provide professional companies with enhanced and cost-effective coverage.

The exclusive ProXS solution includes competing panels from Lloyds and company markets. The pre-agreed discount premiums ensure that clients are getting the best market price for their risk mitigation needs. ProXS provides tailored coverage options specific to professional firms enabling to adapt their growth strategies in a volatile business environment.

The ProXS solution also provides a streamlined process for mid-term adjustments, providing flexible coverage quickly and efficiently without the usual complexities and delays. It also allows an extended policy period of up to 18 months.

“We pride ourselves on understanding the challenges faced by professional firms in a rapidly changing business environment. Helping our clients to meet those challenges and to protect and enable their business is the genesis of ProXS and the insurers we are working with share this same commitment.” – Gary Caley, Head of PI for GB FINEX, Willis.

“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.” – Jeremy Wall, Global Head of FINEX, Willis.