Willis Towers Watson

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Willis Towers Watson (Nasdaq: WTW) is a global advisory, broking, and solutions company that provides products and services to help clients manage risk, optimize benefits, cultivate talent, and expand the power of capital. The company was formed in 2016 through the merger of Willis Group and Towers Watson.

WTW operates through two primary segments:

  • Health, Wealth & Career (HWC): Offers benefits delivery and administration, human capital and benefits, investment, and other services. Key offerings include retirement and pension consulting, health and welfare benefits, and talent management solutions.

  • Risk & Broking (R&B): Provides risk management, insurance brokerage, and reinsurance brokerage services. This includes property/casualty insurance, financial lines, and specialty insurance solutions.

The company serves over 140 countries and markets globally. As of 2023, WTW had approximately 46,600 employees worldwide and generated revenue of USD 8.87 billion.

WTW's corporate strategy focuses on three key pillars: grow, simplify, and transform. The company aims to drive organic revenue growth through specialization and cross-selling, while also expanding into new and differentiated revenue streams. Recent initiatives include launching new managing general agent/underwriter platforms and investing in data and analytics capabilities.

The insurance brokerage market remains highly competitive, with WTW ranking as one of the top global brokers alongside companies like Marsh McLennan and Aon. WTW has worked to differentiate itself through industry specialization, technology investments, and an integrated global client service model.

Looking ahead, WTW aims to continue driving mid-single digit organic revenue growth while expanding profit margins through operational efficiencies and its ongoing transformation program. The company sees opportunities in areas like cyber insurance, healthcare cost management, and pension de-risking services as key growth drivers.

HQ Location:
51 Lime Street London GBR
Founded year:
1828
Employees:
10,000+

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