Benefits consultancy Towers Watson has expanded its employee benefits brokers business into Korea and India.
Its launch in India follows its acquisition of a stake in Metis Insurance, which will now be known as Towers Watson Insurance Brokers India.
Its services in Korea will be known Towers Watson Insurance Brokers Korea.
The expansion is part of a company-wide initiative to provide integrated global benefit solutions for multinational employer clients, as well as to serve the needs of local Korea-based organisations and India-based organisations.
Both services will include design, implementation, financing and ongoing management of health, disability and other insured benefits.
Andrew Heard, managing director, Asia Pacific benefits at Towers Watson, said: “In a rapidly-globalising world, our [employer] clients look for solutions that have both global consistency and local relevance.
“As businesses grow more global and broders become easier to traverse, individual and fragmented employee benefits plan in each market no longer make financial or long-term strategic sense.
“There is a need for better governance and oversight from both a cost perspective and a regulation standpoint.
“This expansion will allow us to provide integrated design, execution and management of employee benefit programmes to multinational organisations.”