Latest news with #WTW
Daily Mirror
15 hours ago
- Automotive
- Daily Mirror
Drivers issued 24 hour car insurance policy warning as Brits make costly mistake
An car insurance expert has revealed the biggest error British motorists make when purchasing protection cover for their vehicle — and it could be costing you an absolute fortune Brits have been warned over a little-known error people make when buying car insurance that could have a significant impact on the amount they pay. Much like in the early days of a relationship, coming across as needy won't do you any favours. Now is a great time to buy car insurance, as data from price comparison website and WTW revealed that the cost has tumbled to a two-year low. With this in mind, car finance specialist Tom Riley, owner of Simple PCP Claims, has provided some sage advice to ensure you get the best price possible. The expert explained that a great many motorists are falling into the trap of leaving their insurance renewal or new policy purchase until the very last minute, which can be a very costly mistake. "Most people leave buying their car insurance until the last minute," the ace said. "But if you're starting your policy tomorrow, you're essentially telling insurers you're desperate — and they'll charge accordingly. Insurance companies know that last-minute buyers haven't had time to shop around properly. They can afford to charge more because you need coverage immediately." So, by planning ahead and giving yourself plenty of time before your policy starts, you are far more likely to secure a better deal. Tom also provided another lesser-known tip — the day of the week you choose for your policy to begin can also influence the price. He recommends opting for a Sunday start date whenever possible. This small adjustment could make a noticeable difference to your annual premium. He advised: "Sunday policies are consistently cheaper than weekday starts. It is a quirk of the system that most drivers do not know about." Tom also recommends that adding an experienced named driver to the policy can lead to substantial savings — even if they are not a family member. This is a simple way to reduce costs without compromising on coverage. "A named driver with a clean record and years of experience can bring down your premium significantly," he added. "They don't need to live with you or be related." Another important factor is your job title. Tom pointed out that small changes in how you describe your occupation could affect your insurance costs: "A 'chef' might pay more than a 'kitchen staff member', even though they're essentially the same job. It's worth experimenting with different but accurate descriptions." With the cost of car insurance at a two-year low, these straightforward strategies could save drivers hundreds of pounds each year. But the biggest secret? According to Tom, you need to set your insurance start date at least 20 days in the future — 23 days being the sweet spot. He advised: "Start shopping around a month before your policy expires. Buy 23 days in advance, and don't be afraid to tweak your job description. These small changes add up to serious savings." Ultimately, a little forward planning and attention to detail could leave British drivers significantly better off. You never want to leave it until the last 24 hours, as then you're at the mercy of car insurance providers — who will see you coming a mile away when you are desperate.
Business Upturn
2 days ago
- Business
- Business Upturn
Willis launches Zest Insurance, a digital revolution for Australian SMEs
MELBOURNE, Australia, June 18, 2025 (GLOBE NEWSWIRE) — Willis, a WTW business (NASDAQ: WTW), today launches Zest Insurance, a cutting-edge digital insurance platform tailored specifically for small and medium enterprises (SMEs) in Australia. Zest Insurance represents a bold step forward in the digital transformation of SME insurance. It offers a seamless, fast and intuitive online experience backed by expert broker support. Designed to meet the evolving needs of modern business owners, Zest Insurance empowers SMEs to purchase, manage and renew their insurance policies entirely online. James Baum, Head of Pacific, WTW says: 'The launch of Zest Insurance comes at a pivotal time for the Australian SME market. With 97% of businesses having 20 or fewer employees, the platform is poised to serve a vast and growing segment of the market. Zest Insurance aims to bridge the gap between traditional insurance models and the digital expectations of modern SME owners.' Brent Lehmann, Head of Commercial & Affinity, Pacific at Willis, adds: 'SMEs are the backbone of the Australian economy, yet many still face outdated, complex processes when it comes to insurance. They increasingly demand convenience, speed and tailored insurance solutions. Zest Insurance is our answer to that challenge, bringing together digital convenience and trusted expertise in one powerful platform. It aims to make purchasing business insurance more straightforward for small business owners.' The Australian SME market, valued at over AUD 9 billion in gross written premium, has been slower to adopt digital insurance solutions compared to global counterparts. Zest Insurance aims to close that gap by offering: A fully digital customer journey – from insurance quote to bind, renewal, and policy management, all conducted online. – from insurance quote to bind, renewal, and policy management, all conducted online. Industry-specific insurance solutions – with one dedicated insurer per industry to ensure tailored coverage to protect businesses. – with one dedicated insurer per industry to ensure tailored coverage to protect businesses. User-friendly design – intuitive forms and interfaces built to enhance and simplify the customer experience. – intuitive forms and interfaces built to enhance and simplify the customer experience. Insurance broker support on demand – expert advice available when needed, ensuring confidence and clarity. Zest Insurance will be available initially to businesses in the administration and support services industry, including bookkeepers, payroll services, management and marketing consultants, market research firms and more, with plans to expand industry offerings in future phases. Zest Insurance policies for this first industry will be exclusively underwritten by Chubb, a world leader in insurance. James adds: 'We've built Zest Insurance to be more than just a platform. It's a new way of thinking about SME insurance. It's about simplicity, transparency and putting the customer first. Together, we're setting a new standard for SME insurance, starting in Australia.' For more information, visit: About WTW At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at Media contact Clara Goh: +65 6958 2542 [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Daily Mirror
2 days ago
- Automotive
- Daily Mirror
If you're about to renew your car insurance you could be in for nice surprise
Millions of motorists are benefitting from cheaper insurance - but the research also shows those who stick with the same provider might actually be stung with a rise The cost of car insurance has tumbled to a more than two year low, welcome figures have revealed. Motorists have got used to seeing their annual premiums spiral in recent years, especially in the wake of the Covid crisis. It was just another hit in the cost of living crisis. But it seems like we have turned a corner, with prices well and truly heading in the right direction. Data from price comparison website along with WTW, found drivers can now expect to pay an average of £757 a year for their car insurance. This is a £144 - 16% - less than a year ago. The figures are based on more than six million quotes. At the end of 2023, the average premium was £995 - the highest recorded by the car insurance price index. This means prices have fallen by £238 in just 18 months. Younger drivers - who typically have the highest premiums - are now benefitting from the biggest savings. According to to the research, the average 17-year-old will still be shelling out £2,051 a year for insurance. But that is £775 - around 27% - less than 12 months ago. It is the biggest yearly drop for this age group in more than a decade. It is not just younger drivers who are seeing a significant fall in prices. According to the index, a typical 46-year-old has bagged a prices drop of £154 - 18%. This brings the average price for drivers of this age to £688. Not that everyone will have seen prices fall. If you've had your renewable quote and it's gone then you are not alone. Research shows not all drivers are seeing these savings at renewal - especially those staying with the same insurer. Nearly half of UK drivers claim their renewal price has increased in the past 12 months. Those who faced higher renewal prices said they were being asked to shell out an average £79 more than last year. Meanwhile, those who were offered a cheaper renewal price said it was only £57 less than the year before. The disparity highlights the importance of shopping around before you go with a quote. Rhydian Jones, motoring expert at said: 'Car insurance prices have been dropping for some time now - and this is great news for those who are due to renew soon. 'Our latest data shows that the cost of a new policy, on average, is £144 cheaper compared to last year. But some customers aren't seeing the same savings in their renewal price from their insurer. 'When it comes to your renewal, your premium price might go down - or it might stay about the same. But as average prices drop, insurers can become more competitive, which means you could get a cheaper price elsewhere. It's important not to just stick with a price because it looks good - you could be missing out on a lot of money.' Save money on your car insurance has produced some tips on getting the best savings. Shop around early Research shows most drivers look to renew their car insurance about 15 days on average before it runs out. But further data shows that the sweet spot to get the best price is around three weeks before renewal. So, getting a quote just that little more in advance could help you find a better deal. Be accurate with your mileage Trying to lower your premium by underestimating your mileage can actually cost more. For example, drivers who report 5,000 miles per year pay an average of £809, while those driving 10,000 miles are paying an average of £746. Always be honest about your mileage when taking out insurance. If you exceed your annual mileage, you could risk invalidating your policy. Consider sharing the driving Adding a named driver to your policy, especially one with more experience, could help save money on your insurance. Data shows that those listed as the sole driver on their policy pay an average of £853 for car insurance. In comparison, those with an additional driver pay £735. The savings can be even cheaper if the additional driver is a spouse, with average premiums dropping to £534, on average. However, if you're adding a named driver to your policy, it's important to ensure that the policy holder is the main driver of the car - not the named drivers. Having a named driver as the main driver is a form of insurance fraud, called fronting, and can carry serious consequences.
Yahoo
4 days ago
- Health
- Yahoo
Most US employers plan to shift their benefit strategy in coming years, survey shows
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. In response to increasing cost pressures, the majority of U.S. employers intend to shift their benefit strategy in the next three years, according to a June 10 report from WTW. Employers said rising medical care costs, in particular, have created greater challenges for delivering their health benefits (44%), well-being programs (44%) and leave benefits (36%). 'After a long period of high benefits inflation and in the face of a possibly weakening economy, employers are taking a step back and looking to focus on what drives real value for employees and the business,' said Jeff Levin-Scherz, population health leader of the health and benefits practice for North America at WTW. 'That means targeting support and spending on the benefits that matter most, enabling personalization and helping employees make better decisions.' In a survey of 696 U.S. employers, 90% cited rising benefit costs as the top issue influencing their benefit strategies in 2025, up from 67% in 2023. They also pointed to concerns around competition for talent (52%), expectations for an enhanced employee experience (43%), cost of living (39%) and rising mental health issues (32%). In response, 63% of employers said they plan to reallocate or rebalance spending in the next three years, compared to only 8% in the previous year. While 73% plan to address high costs by enhancing value or switching to better-value vendors for health, retirement and risk benefits, 44% plan to tackle high-cost medical conditions, and 37% plan to adopt a network of preferred medical providers. In addition, employers said they plan to prioritize mental health, health benefits, financial well-being and family support during the next three years to address employee concerns. Employers also intend to increase their use of communication, navigation tools and employee feedback to enhance the employee experience, the report found. With ongoing increases in healthcare costs, many employers feel compelled to rethink their healthcare benefits in 2025, according to another WTW survey. Companies can evaluate vendor and digital health solutions that expand well-being resources and reduce unnecessary utilization, as well as review their markets to ensure efficient sourcing of private coverage, a WTW leader said. Among healthcare costs, autoimmune diseases have driven major increases due to healthcare utilization, lost work time, turnover and presenteeism, according to a report from WellTheory and the Integrated Benefits Institute. Employers can support workers with autoimmune diseases through flexible work arrangements, ergonomic accommodations, environmental adjustments, job modifications, task reassignments, manager training, co-worker education programs and well-being programs, the report found. Despite increasing healthcare costs, 93% of employers plan to maintain or expand their well-being offerings in 2025, according to a report from Business Group on Health. Most employers said their well-being strategies include mental health, physical health, financial health and social connectedness. Recommended Reading Patagonia parents on why on-site child care matters Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
WTW appoints Farah Ismail Senior Director, Head of Commercial Lines within its Insurance Consulting & Technology business
NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has announced the appointment of Farah Ismail as Senior Director, Head of Commercial Lines within its Insurance Consulting and Technology (ICT) business in North America. Farah brings more than fifteen years of experience across a wide spectrum of commercial insurance lines, including both specialty (Excess & Surplus Lines, Cyber, Healthcare, Environmental, Directors & Officers, Errors & Omissions, Surety) and non-specialty (General Liability, Property, Commercial Auto, Workers' Compensation) products. Her background spans underwriting, pricing, product development, and claims, providing a well-rounded perspective on the commercial insurance landscape. Based in New York and reporting to Laura Doddington, Head of Personal & Commercial Lines Consulting & Technology, Farah will shape and execute the go-to-market strategy for North America within the Commercial Lines space. She will bring value to clients by helping to refine their pricing and underwriting strategies to aid them in more quickly identifying changes in risk and responding to emerging trends. Farah will focus on delivering stronger portfolio performance by leveraging new and emerging technologies, including WTW's end-to-end analytics platform, Radar. Doddington commented, 'Farah brings a unique understanding of the insurance space, and her broad experience leveraging analytics and technology to solve client problems will bring tremendous value to our Commercial Lines clients. I am delighted to welcome Farah to the team.' About Insurance Consulting and Technology (ICT) WTW's Insurance Consulting and Technology business serves the insurance industry with a powerful combination of advisory services and leading-edge technology. Our mission is to innovate and transform insurance, and we deliver solutions that help clients better select, finance, and manage risk and capital. We work with clients of all sizes globally, including most of the world's leading insurance groups. Over 1,000 client companies use our specialist insurance software on six continents. With over 1,700 colleagues in 35 markets, we continually strive to be a partner and employer of choice to the insurance industry. About WTW At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at Media Contact Douglas +1 (516) 972-0380 Arnelle +1 (718) 208-0474Sign in to access your portfolio
