Insurance is a powerful tool to help businesses manage risk, but too often businesses can feel frustrated that insurance is difficult to understand and do not trust that it will respond in the event of a claim. At Wiispa we are on journey to fix this using our Wiispa Risk Wrapper. At Wiispa we look at insurance through the lens of Mergers and Acquisitions, where the popularity of Warranty and Indemnity insurance has boomed in recent years. This looks at all liabilities of a business at the point at which it is being sold. Warranty and Indemnity insurance is often purchased with certain Contingent Risk insurance products which address known risks. This is where we excel and where we have a long history of dealing with complex deals in compressed timelines. Outside of deals there is a world of General Insurance that we believe can be better understood and improved using the principles applied on M&A deals. Using the Wiispa Risk Wrapper, we view the three layers of insurance: warranty and indemnity insurance, contingent risk insurance and General Insurance relative to the business as a whole. We want to give a complete understanding of insurance so that businesses know how it applies. We Map out understanding of the business. We Clarify risks. We Cover with insurance. We assist with Claims. Our teams are based across London and Manchester, and we place policies throughout the UK and Europe. We believe that the next stage of development of Transactional Risk and General Insurance is that they become more closely knitted together. Wiispa provides the platform to combine the expertise in M&A and the intellectual curiosity to push the world of General Insurance.
