What Are the Key Differences Between Alliance Risk and WTW Crime Insurance?
Crime loss types and endorsement
Alliance Risk lists employee theft and embezzlement, forgery, fraudulent electronic transfers, social engineering, and burglary or robbery. It says theft of client property is available by endorsement. WTW’s FY2024 annual report listed crime solutions in its Financial, Executive and Professional Risks practice. This is historical, group-level evidence and does not establish current U.S. availability or policy agreements. Buyers should ask Alliance Risk which losses and client-property endorsement apply, and ask WTW for the proposed crime form and covered agreements. [2] [8]
Brokerage scope and current availability
Alliance Risk describes a brokerage placement service; WTW’s FY2024 annual report lists crime solutions in FINEX at a global practice level. That historical report does not establish a current U.S. quote, insurer, or policy form. Before comparing limits or covered agreements, confirm whether WTW currently places this line and request the proposed insurer and wording. [1] [8]
What Should You Confirm in Alliance Risk and WTW Crime Insurance Quotes?
- Does the Alliance Risk quote include client-property theft, and how do owner dishonesty, discovery timing, and cyber losses apply? [2]
- Does WTW currently place crime insurance in the United States? If so, which market and insuring agreements address employee theft, transfer fraud, and social engineering? [8]