Myanmar Representative Office An innovative and fresh approach to - - PDF document

Myanmar Representative Office

An innovative and fresh approach to insurance and risk management

The Willis Towers Watson position in Myanmar Willis Towers Watson is a global provider of risk and insurance advice and is pleased to play our part in support of Myanmar’s future. We bring our industry insight, risk quantifjcation skills and global reinsurance access to the country, linking together companies with Myanma Insurance and the global reinsurance market. This brochure ofgers an overview of our capabilities and why we should be considered the broker of choice for companies with interests in this country.

An innovative and fresh approach to insurance and risk management

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Four Business Segments

Corporate Risk and Broking

We know how companies can unlock potential through efgective risk management. Our clients rely on us to craft strategies to quantify, mitigate and transfer risk, taking advantage of our specialist industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results.

Exchange Solutions

A changing health care landscape creates new

• pportunities. With our combined understanding
• f regulation and risk, behavioral insights and

technology platforms, we create innovative exchange based services and solutions that enable people to navigate options with confjdence, and give employers decision-making peace of mind.

Human Capital and Benefjts

High-performing institutions cultivate and grow talent, carefully balancing costs and rewards. From employee benefjts to executive compensation, we take a rounded perspective based on leading-edge thinking, data, analytics and software, unearthing new ways to motivate people, foster well-being and implement solutions that work.

Investment, Risk and Reinsurance

Our sophisticated approach to risk helps clients free up capital. We work in close concert with investors, reinsurers and insurers to manage the equation between risk and return. Blending advanced analytics with deep institutional knowledge, we reveal new

• pportunities to maximize performance.

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Our core risk and insurance capabilities

Financial, Executive and Professional Risk ƒ ƒ Directors and Offjcers Liability ƒ ƒ Professional Indemnity ƒ ƒ Crime Insurance ƒ ƒ Financial Institutions ƒ ƒ Liability Schemes ƒ ƒ Environmental Liability Energy ƒ ƒ Innovative products ƒ ƒ Exploration (onshore/ ofgshore) ƒ ƒ Construction and installation risks ƒ ƒ Operational risks ƒ ƒ Property Damage risks ƒ ƒ Machinery Breakdown risks ƒ ƒ Business Interruption risks ƒ ƒ Third Party Liability risks Claims Advocacy ƒ ƒ In-house Claims Team ƒ ƒ Major loss capability ƒ ƒ Bespoke claims protocols for clients ƒ ƒ Claims trending and analysis ƒ ƒ Highly complex claims expertise ƒ ƒ Challenging insurers reserves ƒ ƒ Defending clients interests Marine ƒ ƒ Hull risks ƒ ƒ Liability risks ƒ ƒ Trade & Logistics ƒ ƒ Protection & Indemnity ƒ ƒ Piracy & War risks ƒ ƒ Qualifjed claims handling

and Adjusting team

Reinsurance ƒ ƒ Risk Financing and Structuring ƒ ƒ Risk Quantifjcation ƒ ƒ Treaty risks ƒ ƒ Facultative risks ƒ ƒ Execution, Service and Claims Terrorism ƒ ƒ Single and multinational locations ƒ ƒ Access to all global markets ƒ ƒ Terrorism, Sabotage, Political

Violence and War products

ƒ ƒ Terrorism third party liability ƒ ƒ Nuclear, chemical, biological and

radiological risks

ƒ ƒ Unique Willis facilities with

enhanced wordings

ƒ ƒ Multi year policies Aviation ƒ ƒ Passenger Liability risks ƒ ƒ Hull risks ƒ ƒ Third Party Liability risks ƒ ƒ Products Liability risks ƒ ƒ In-fmight risks ƒ ƒ War risks ƒ ƒ Airports, Aircraft and

Aviation Products

Employee Benefjts ƒ ƒ Advice on Programme Design ƒ ƒ Benefjt Review Audits ƒ ƒ Market placement ƒ ƒ Multinational Pooling and

Captives services

ƒ ƒ Life, Healthcare ƒ ƒ Personal Accident, Travel ƒ ƒ Flexi Benefjts, Disease Management Mergers & Acquisition ƒ ƒ M&A Consultancy ƒ ƒ Due Diligence ƒ ƒ Transaction Solutions ƒ ƒ Contingency Risk Transfer ƒ ƒ Fund Liability ƒ ƒ Warranty & Indemnity Covers

Corporate and Commercial ƒ ƒ Superior policy wordings ƒ ƒ Market leading facilities ƒ ƒ Major and Medium sized

business solutions

ƒ ƒ Global client capability ƒ ƒ Focused on delivering superior

client service

ƒ ƒ Property Damage Risks ƒ ƒ Business Interruption risks ƒ ƒ Third Party Liability Risks Risk Management ƒ ƒ Highly qualifjed team ƒ ƒ Risk profjle surveys ƒ ƒ Risk identifjcation, assessments

and mitigation

ƒ ƒ Independency and supplier

dependency analysis

ƒ ƒ Business Continuity Planning

and Management

ƒ ƒ Due Diligence, training Captive Management ƒ ƒ Unique innovative approach ƒ ƒ Pioneering use of cell captives ƒ ƒ Client revenue enhancement

• pportunities

ƒ ƒ Advice for Decision making ƒ ƒ Full Captive administration Political & Credit Risks ƒ ƒ Expropriatory Acts ƒ ƒ Political Violence Acts ƒ ƒ Currency Inconvertibility ƒ ƒ Exchange Transfer of Profjts ƒ ƒ Exchange Transfer of Dividends ƒ ƒ Business Interruption ƒ ƒ Non Payment by Governments ƒ ƒ Non Payment by Corporations Construction ƒ ƒ Construction ‘All Risks’ ƒ ƒ Advance Loss of Profjts ƒ ƒ Third Party Liabilities ƒ ƒ Project Programmes ƒ ƒ Professional Indemnity ƒ ƒ Latent Defects ƒ ƒ Performance Bonds ƒ ƒ Contractor/Principle ƒ ƒ Controlled programme

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Who we work with

Risk and Finance Managers

How we help

We help quantify, mitigate and transfer organisational risk so that it can be managed to drive superior business results

Our Capabilities

From C-suite through to Risk or HR management, you can always approach our Client Relationship Directors (CRD), who connect you to our full range of knowledge and capabilities across 3 core business segments in 15 countries throughout Asia.

Our capabilities in Asia

Aerospace Affjnity Captive Management Claims Advocacy Construction Crime Cyber Directors and Offjcers Energy Forensic Claims Accounting Marine Political And Credit Professional Indemnity Property And Casualty Risk And Analytics Terrorism and Political Violence Workers Injury Compensation

Industry Expertise

Regional Industry experts will partner with our Client Relationship Directors to ensure our clients are receiving a deeper level of advice and support, directly related to their sector.

Natural Resources Agriculture Construction

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HR Managers Investors, reinsurers & insurers We develop workforce programs to help cultivate and grow talent while carefully balancing costs and rewards We help unlock capital, and manage the equation between risk and return to maximise performance Communication and Change Management Employee Benefjts Executive Compensation Global Data Services Human Resource Technology and Software Mergers and Acquisitions Organisational Surveys & Employee Insights Retirement Rewards Talent Management & Organizational Alignment Employee Insights Assessment Capital Markets and Advisory Investments Portfolio and Underwriting Services Risk Consulting and Software Reinsurance Advice and Broking Wholesale Insurance Broking Global Wealth Solutions

Retail Hospitality and Leisure Education Financial Institutions

$

TMT Healthcare Transportation

“ A single Client Relationship Director (CRD) serves as your gateway to all we have to ofger.”

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Listen

Listen to you and evaluate how we can fjt into your strategy

ƒ ƒ One point of contact

Assemble team

Assemble the team and skills you need from across our organization

ƒ ƒ You will get a tailored group of industry

experts to help you executea cohesive approach to both people and risk

Collaborate

Collaborate with you to fjnd the most appropriate solutions for your unique

• bjectives

ƒ ƒ No internal barriers across our risk and

HR solutions

Execute

Support you to seamlessly execute these solutions

ƒ ƒ Ownership and accountability

Regardless whether you are a Risk or HR manager, you can always approach

• ur CRDs, who link you to our full suite
• f capabilities across 3 core business

segments in Asia.

CRB IRR HCB

The Client Relationship Director

Client Relationship Directors act as a single point of access, responsible for ensuring the most appropriate expertise is delivered to our Clients, regardless of where the expertise is located.

Since opening our fjrst Asia offjce in China in 1924 through to today, Willis Towers Watson has been highly committed to understanding the local market and using this knowledge to benefjt our clients. As one of the fastest growing regions combined with being the most populous, Asia plays a key role in our business. Our distinct, connected perspective across talent, assets and ideas unlocks potential for our regional clients. While many just look at mitigating the downside, we see how a unifjed approach to people and risk is a path to growth. Powered by market analytics and behavioral insight, our integrated teams throughout the region reveal hidden value within the critical intersections of our clients’ organizations. We design and deliver solutions that manage risk, optimize benefjts, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Willis Towers Watson and its affjliates has specialist teams throughout Asia gathering local industry knowledge to be at the forefront of both people and risk in your industry.

Willis Towers Watson in Asia

Key facts 15 64 7,000+ 20,000+

Countries Offjces Colleagues Clients

India

ƒ Clients: 1000+ ƒ Offjces: 13 ƒ Colleagues: 3356

Thailand

ƒ Clients: 2000+ ƒ Offjces: 2 ƒ Colleagues: 31

Vietnam and Cambodia

ƒ Clients: 600+ ƒ Offjces: 3 ƒ Colleagues: 157

Myanmar

ƒ Clients: 70+ ƒ Offjces: 1 ƒ Colleagues: <10

Singapore

ƒ Clients: 4000+ ƒ Offjces: 2 ƒ Colleagues: 321

China

ƒ Clients: 2500+ ƒ Offjces: 28 ƒ Colleagues: 700

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South Korea

ƒ Clients: 500+ ƒ Offjces: 1 ƒ Colleagues: 56

Japan

ƒ Clients: 2000+ ƒ Offjces: 3 ƒ Colleagues: 201

Taiwan

ƒ Clients: 1000+ ƒ Offjces: 1 ƒ Colleagues: 120

Philippines

ƒ Clients: 600+ ƒ Offjces: 1 ƒ Colleagues: 1158

Hong Kong

ƒ Clients: 3000+ ƒ Offjces: 4 ƒ Colleagues: 410

Indonesia

ƒ Clients: 2000+ ƒ Offjces: 1 ƒ Colleagues: 201

Brunei

ƒ Clients: 100+ ƒ Offjces: 1 ƒ Colleagues: 6

Malaysia

ƒ Clients: 750+ ƒ Offjces: 3 ƒ Colleagues: 71

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A truly compelling combination

A strong client focus, an emphasis on teamwork, unwavering integrity, mutual respect and a constant striving for excellence are the values at the core of the Willis Towers Watson organisation.

39,000 colleagues

in 120+

countries

Scale, diversity and fjnancial strength

$8.2 billion revenue

A deep history dating back to 1828

North America: 36% Great Britain: 16% Western Europe: 18% International: 30%

Total: 39,000

An integrated ofgering for our clients

Legacy Willis and Legacy Towers Watson announced the merger on 30 June 2015 in a deal valued at $18 billion. On 11 Dec, 2015, Shareholders of each company approved the proposals necessary to complete the merger of equals transaction and the merger was offjcially completed in January, 2016. Legacy Willis was a leading global insurance broker delivering professional insurance, reinsurance, risk management, fjnancial and human resource consulting and actuarial services to organizations. Legacy Towers Watson was a leading global professional services company that helps organizations improve their performance through efgective people, risk and fjnancial management. This strategic combination created a unifjed platform for global growth, including positioning the company to leverage our mutual distribution strength to enhance market penetration, expand our global footprint and create a strong platform for further innovation.

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Willis Limited, Registered number: 181116 England and Wales. Registered address: 51 Lime Street, London, EC3M 7DQ. A Lloyd’s Broker. Authorised and regulated by the Financial Conduct Authority for its general insurance mediation activities only. 20585/09/17

willistowerswatson.com

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for

• growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees

serving more than 140 countries. We design and deliver solutions that manage risk,

• ptimize benefjts, cultivate talent, and expand the power of capital to protect and

strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

Getting in contact

Khaing Zar Aung Chief Representative Offjcer, Myanmar and Head of Corporate Risk and Broking, Myanmar Tel: +65 6591 8115 Mobile: +65 9088 9057 Mobile: +95 9 400 400 296 khaingzar.aung@willistowerswatson.com

Our office location

Maha Bandula Park Yangon River M e r c h a n t R

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P a t S t r e e t 3 1 s t S t r e e t 32nd Street Bank Street 2 9 t h S t r e e t

Unit 416, Level 4 Strand Square 53 Strand Road Pabedan Township Yangon Tel: +95 1230 7368