Last $106.07 USD
Change Today +0.66 / 0.63%
Volume 320.9K
TW On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

875 Third Avenue

New York, NY 10022

United States

Phone: 212-725-7550

Fax: 212-644-7432

nition, process design, and implementation services supported by its change management expertise. The company also provides a range of proprietary technology solutions, including Talent|REWARD, an integrated suite of applications for recruiting, performance management, global job leveling, compensation planning and administration, succession planning, career development, and learning management; Total rewards portals and statements; Onboarding applications; and HR and employee portals. EXCHANGE SOLUTIONS This segment’s core solution, OneExchange Retiree, enables the company’s employer clients to transition their retirees to individual, defined contribution health plans that provide individuals with a tax-free allowance or ‘contribution’ to spend on health care services at an annual cost that the employer controls as opposed to group-based, defined benefit health plans that provide groups of individuals with healthcare benefits at an uncertain annual cost. With the company’s OneExchange Retiree solution, its clients could provide their retirees with the same or better healthcare benefits at a lower cost than before. The company has provided an alternative to traditional group Medicare health plans for private and public sector clients, including Fortune 500 companies. It has helped various retirees and their dependents navigate the individual retiree medical insurance market, and evaluate and choose a health plan using the company’s proprietary exchange platform and decision support tools. In addition, this line of business is developing and expanding its solutions to address the pre-65 retiree, or early retiree, and is working on exchange opportunities for active employee. This line of business provides solutions through a proprietary technology platform, which integrates patented call routing technology, Medicare quoting and an enrollment engine, a custom-developed CRM system and insurance carrier connectivity. Exchange Solutions services comprise: Analyzing and optimizing employer healthcare benefit subsidies and developing healthcare coverage strategies that enables the company’s clients to predict their healthcare liabilities and realize cost savings by transitioning their retirees to defined contribution plans. Managing an exchange of approximately 85 national and regional insurance carriers offering various health plans. Simplifying the complexities of Medicare by helping individuals navigate through a meaningful choice of health plans using the company’s proprietary software to analyze employer subsidies, health plan details and individuals’ doctor, hospital and prescription drug needs. Offering enrollment services that match an individual’s health status and financial resources to a specific plan while giving unbiased guidance about these expanded healthcare options. Providing lifelong advocacy and support services for various enrollees as they engage with insurance carriers beginning with their initial enrollment and continuing as their healthcare needs evolve. Customers and Markets The company’s target market is multi-national and domestic companies, with particular focus on the insurance industry for its risk consulting and brokerage businesses. Its clients include various corporations, including the Fortune Global 500 companies and the Fortune 1000. It works with major corporations, emerging growth companies, governmental agencies, and not-for-profit institutions in various industries. Significant Events In September 2013, Towers Watson announced the launch of its HR Academy in Vietnam to expand its learning and development services in the country. Competition The company’s principal competitors in the global HR consulting industry include Mercer HR Consulting (a Marsh & McLennan company) and Aon Hewitt Consulting (an Aon company). Its major competitors in the insurance consulting and solutions industry include Milliman, Inc. and Oliver Wyman (a Marsh & McLennan company). In the reinsurance brokerage industry, its major competitors are Aon Benfield (an Aon company), Guy Carpenter (a Marsh & McLennan company), and Willis. Aon Hewitt, buckconsultants (a Xerox Comp

 

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Industry Analysis

TW

Industry Average

Valuation TW Industry Range
Price/Earnings 20.0x
Price/Sales 2.1x
Price/Book 2.5x
Price/Cash Flow 13.8x
TEV/Sales 1.8x
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