Towers Watson, a professional services company, today announced that it has acquired a stake in Metis Insurance, which will now be known as Towers Watson Insurance Brokers India Private Limited. The company has also recently established another employee benefits brokerage operation, Towers Watson Insurance Brokers Korea Co., Ltd. This acquisition marks the formal entry of Towers Watson into the employee benefits brokerage space in the country, and is part of a company-wide initiative to provide integrated global benefit solutions for multinational clients, as well as to serve the needs of local organisations.
Andrew Heard, Managing Director—Asia Pacific Benefits, Towers Watson, said, “Today, individual and fragmented employee benefit plans in each market a business operates in no longer makes financial nor long-term strategic sense. There is a need for better governance and oversight from both a cost perspective and a regulation standpoint. This expansion will allow us to provide seamlessly integrated design, execution and management of employee benefit programs to multinational organisations.”
Paul Arkwright
Publisher
