Willis Towers Watson Expands Japanese Corporate Risk & Broking Team

Willis Towers Watson (WTW) has expanded its Japanese Corporate Risk & Broking team with the addition of 22 new professionals, enhancing its expertise in specialty lines and large accounts. This move underscores WTW's commitment to the Japanese market, positioning it as a trusted advisor in areas like marine insurance and risk analytics. The expansion reflects WTW's growth ambitions in a lucrative market, with the Japanese insurance market projected to grow at a compound annual growth rate of 2.2%.

Willis Towers Watson (WTW), a global leader in risk management and insurance broking, has announced a significant expansion of its Japanese Corporate Risk & Broking team. This move, which includes the addition of 22 new professionals, underscores WTW's commitment to the Japanese market and its strategic growth ambitions.

The expansion is driven by the projected growth of the Japanese insurance market, which is expected to grow at a compound annual growth rate (CAGR) of 2.2% from JPY11.7 trillion (US$81.1 billion) in 2024 to JPY12.7 trillion (US$93.9 billion) by 2028 [1]. This growth is expected to be driven by commercial lines, digital transformation, risk advisory services, and rising demand for protection against climate change, natural catastrophes, cyber threats, and supply chain disruptions.

The new hires span various specialties, including Risk & Analytics, Facultative Reinsurance, Marine specialty line, Business Development, Large Account, and Claims. These professionals bring expertise from major companies such as Marsh, Aon, Tokio Marine, and Mitsui Sumitomo, strengthening WTW's competitive positioning in the Japanese market.

Willis' expansion in Japan reflects its strategic focus on specialty capabilities and large account expertise, positioning the company to capture higher-margin business in the market. The establishment of a dedicated brokerage service entity in October 2023 provides the operational foundation for this expansion. The focus on analytics and technology capabilities suggests that WTW is pursuing a differentiation strategy centered on data-driven risk management.

Ryohei (Roy) Nakazawa, Head of WTW in Japan, commented on the growth of the team, stating, "Japan is one of the world’s largest insurance markets, and we are proud to be scaling up to drive better client outcomes. By bringing the best talent and building up our specialty capabilities, we are positioning ourselves to be a trusted risk advisor, specialty broker, and client partner to Japanese companies navigating today’s complex risk landscape locally and those with an international business footprint."

The expansion is a testament to WTW's global commitment to supporting clients in Japan with large and complex risks. The company is leveraging its leading analytical and technology capabilities to help clients better navigate challenges and seize new opportunities with greater resilience.

References:
[1] https://www.nasdaq.com/press-release/willis-accelerates-growth-japan-talent-hires-and-expansion-specialty-lines-2025-08-25