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Willis and Circle Asia launch art insurance for collectors
Yahoo Finance· 2026-03-23 10:23
Core Insights - Willis, part of WTW, has partnered with Circle Asia to launch a new insurance facility targeting individual art collectors and galleries in Asia, combining expertise in fine art insurance with a digital platform for simplified coverage [1][3] - The new policy offers coverage for various assets, including art, jewellery, home contents, and buildings, with terms tailored to meet client needs [2] - The facility is designed to accommodate short-term insurance needs, such as coverage for exhibitions or transit events, ensuring quick responses and comprehensive protection [4] Industry Trends - The fine arts market in Asia is experiencing rapid growth, driven by the increasing involvement of young and affluent collectors, highlighting a gap in insurance solutions that meet client expectations for fast service and efficient claims handling [5] - The partnership aims to enhance client experience through improved efficiency, underwriting access, and processing speed via Circle's digital platform [6]