Broker Willis Towers Watson has entered into an international insurtech partnership with Plug and Play, a startup accelerator and corporate innovation platform, to access latest technological innovation.
As part of the agreement, which expands upon the companies' existing partnership, Willis Towers Watson will assist in qualifying, mentoring and collaborating with insurtech startups in Plug and Play’s global ecosystem, which include Beijing, Munich, New York, Silicon Valley, Singapore and Tokyo.
“We’re very excited about this partnership and believe it demonstrates our commitment in bringing the newest and most innovative technology – both our own solutions and offerings from the world’s leading tech centres – to our clients,” said Carl Hess, head of investment risk and reinsurance, Willis Towers Watson. “It also accelerates our ability to advise clients on startup-driven innovation and create greater value for them and the insurance industry.”
Saeed Amidi, CEO of Plug and Play, commented: "We’re thrilled to expand our relationship with Willis Towers Watson to a global level, making them one of our largest and most engaged partners in insurtech. Their commitment to sourcing innovation for clients has made them one of the most visible partners on the Plug and Play platform. This global partnership between two very powerful brands will strengthen our collective efforts to source innovative insurtech solutions from around the world."
Todd Jones, head of corporate risk and broking, Willis Towers Watson, added: “We believe better ideas come through collaboration inside and outside our company. We have already had great success in partnering with emerging firms for the benefit of our clients and look forward to expanding those opportunities through this relationship to enhance the client experience we deliver and help transform the insurance industry more broadly.”