Willis increases insurance coverage in Japan by enlarging its team to capitalize on its expertise to fulfill the increasing demand in the business, marine areas, and risk management.

Willis, a WTW business, has increased its Corporate Risk & Broking team in Japan as a part of its strategy to establish a presence in the market. The company has recruited 22 professionals in the year, among the senior positions who joined Risk & Analytics, Facultative Reinsurance, Marine, Business Development, Large Account, and Claims.

Other key appointments are Kosuke Komorizono as leader of Risk & Analytics, Hisanori Nishizaki as head of Facultative, Takashi Kato as head of Marine and Yasumasa Kanie as leader of Claims. These acquisitions are directed toward facilitating the growth of Willis in terms of insurance services as well as strengthening its position in high-demand areas.

It is estimated that the general insurance sector in Japan will increase to 93.9 billion between 2018 and 2028 in comparison to 81.1 billion in 2024. The growth drivers would include commercial insurance lines, digitalization and an emerging need to insure climate-related risks, cyber threats and supply chain breaches.

The marine insurance is also showing an increased demand, with Japan portraying 11 percent of the global fleet. The recent growth that Willis has experienced is consistent with this, and the company now is able to serve the shifting requirements of its clients in one of Asia's largest insurance markets.