Willis, a WTW business, has expanded its ProXS professional indemnity insurance offering by securing additional insurer capacity and introducing a benefit aimed at improving renewal certainty for clients.
The latest changes to the facility include a ‘Commitment to Renew’ provision, which Willis said is intended to help businesses plan their insurance arrangements with greater confidence. The development reflects growing interest among professional services organisations in insurance solutions that provide more predictable protection against professional indemnity exposures.
According to Willis, the expanded facility seeks to address the insurance requirements of professional firms through flexible, competitively priced excess professional indemnity cover. The offering is structured to accommodate differing business needs, allowing organisations to align their insurance protection with their operational priorities and longer-term expansion plans.
Willis also confirmed that the addition of capacity to its insurer panel will further develop the ProXS offering, alongside the new renewal provision. The company believes these changes will provide clients with additional options when arranging professional indemnity protection.
Gary Caley, Head of PI for GB FINEX, Willis, commented: “ProXS has been extremely popular with clients in a number of different geographies and sectors. We are confident that the latest enhancements further strengthen its proposition. They demonstrate our ongoing commitment to supporting clients in managing their professional indemnity risk with confidence.”
Jeremy Wall, Global Head of FINEX, Willis, added: “The continued evolution of ProXS reflects our focus on delivering practical solutions that address the real challenges faced by clients. By further enhancing the solution and introducing additional client benefits, we are ensuring that ProXS remains a compelling and innovative option for organisations seeking excess professional indemnity insurance protection.”
