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  • By: Nikhil Jhunjhunwala Roll No.: 1035

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    Nikhil Jhunjhunwala
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    This document provides information about Willis Group, a global insurance broker. It lists key facts about Willis Group, including that it was founded in 1828 and is headquartered in London. The document also ranks Willis Group as the third largest insurance broker in the world based on 2008 sales of $3.4 billion across its 400 offices worldwide. Additionally, the document discusses segmentation strategies used in the insurance industry and outlines Willis Group's focus on understanding client needs to develop solutions and deliver quality service.

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    This document provides information about Willis Group, a global insurance broker. It lists key facts about Willis Group, including that it was founded in 1828 and is headquartered in London. The document also ranks Willis Group as the third largest insurance broker in the world based on 2008 sales of $3.4 billion across its 400 offices worldwide. Additionally, the document discusses segmentation strategies used in the insurance industry and outlines Willis Group's focus on understanding client needs to develop solutions and deliver quality service.

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    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    11 views16 pages

    By: Nikhil Jhunjhunwala Roll No.: 1035

    Uploaded by

    Nikhil Jhunjhunwala
    This document provides information about Willis Group, a global insurance broker. It lists key facts about Willis Group, including that it was founded in 1828 and is headquartered in London. The document also ranks Willis Group as the third largest insurance broker in the world based on 2008 sales of $3.4 billion across its 400 offices worldwide. Additionally, the document discusses segmentation strategies used in the insurance industry and outlines Willis Group's focus on understanding client needs to develop solutions and deliver quality service.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 16

    By: Nikhil Jhunjhunwala Roll No.

    : 1035

    About
    Industry: Insurance Type : Public Founded: 1828 Headquarters: London CEO & Chairman: Joseph J. Plumeri Revenue: $2,834 million Net Income: $303 million Employees: More than 17,000

    The Willis Tower

    Insurance is a device that provides financial compensation against the effects of misfortune, the payments being made from the accumulated contributions of all parties participating in the scheme.
    5,000 5,000 5,000 5,000 5,000 5,000

    What is Insurance ?

    5,000

    5,000

    5,000

    Insurer

    45,000

    40,000

    Worlds Top Ten Insurance Companies


    Rank 1 2 3 4 5 6 7 8 9 10 Company American Intl Group AXA Group Allianz Worldwide Manulife Financial Generali Group Prudential Financial MetLife Aviva Munich Re Group Aegon Market Value ($ Billions) $172.24 $66.12 $65.55 $50.52 $45.45 $39.70 $37.94 $33.10 $30.99 $26.40 Country United States France Germany Japan Italy United States United States United Kingdom Germany Netherlands

    Worlds Top Ten Insurance Brokers


    1. Marsh and McLennan US$11.5 billion in 2008 sales (700 offices worldwide) 2. Aon Corp $7.3 billion (397) 3. Willis Group $3.4 billion (400) 4. Wells Fargo $1.7 billion (213) 5. Arthur J. Gallagher $1.6 billion (200) 6. JLT Group $992.8 million (76) 7. Brown and Brown $966 million (132) 8. BB and T Insurance Services $962.1 million (109) 9. Gras Savoye and Cie $786.4 million (102) 10. Lockton $778.4 million (48).

    Indian Insurance Market

    Types of Insurance
    Personal Accident and Health Aviation Marine Automobile Home Many More

    Segmentation, Targeting & Positioning


    Region Offices in different countries is a way of segmenting their market. According to region and finding out potential markets. City They also segment the cities as class i, class ii, metros, small towns. Age Under 13years, 13 to 21 years, 21 to 35 years, 35 to 50 years, 50+ years. Family income Lower middle class, middle class, upper middle class, high class

    The Willis Cause


    We thoroughly understand our clients needs and their needs. We develop client solutions with the best markets, price and terms. We relentlessly deliver quality client service. We get claims paid quickly.

    Questions ???

    Thank You !!!

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