Willis Towers Watson is a leading global advisory, broking, and solutions company specializing in risk management, insurance, and human capital consulting. The company was formed through the merger of Willis Group Holdings and Towers Watson & Co, which was completed on January 5, 2016. However, the individual histories of both companies date back many years.
Willis Group Holdings was founded in 1828 in London, United Kingdom, and has a long history as an insurance broker. Over the years, it expanded its services and became a key player in the insurance and risk management industry, serving clients around the world.
Towers Watson & Co, on the other hand, was founded in 2010 as a result of the merger between Towers Perrin and Watson Wyatt Worldwide. Both companies had a strong background in human capital consulting, actuarial services, and benefits advisory. The merger created a powerful force in the global consulting and broking market.
Today, Willis Towers Watson operates in more than 140 countries and has a diverse client base that includes corporations, governments, and institutions. The company provides a wide range of services, including insurance brokerage, risk management solutions, employee benefits consulting, and actuarial services. Their expertise spans various industries, including financial services, healthcare, technology, and more.
In addition to its core business segments, Willis Towers Watson is known for its thought leadership and research in various areas, such as risk management, employee benefits, and talent management. They are committed to delivering innovative solutions to their clients, leveraging data analytics and technology to address the challenges of an evolving business landscape.