Willis Towers Watson Enters into a Global InsurTech Partnership

Plug and Play and Willis Towers Watson have entered into a global InsurTech partnership. The agreement extends Willis Towers Watson's access to early-stage InsurTech startups across all of Plug and Play's InsurTech platforms, which include Beijing, Munich, New York, Silicon Valley, Singapore, and Tokyo. Willis Towers Watson will also assist in qualifying, mentoring, and collaborating with InsurTech startups in Plug and Play's global ecosystem.

Plug and Play identifies business challenges for large corporations and matches them to startups with applicable solutions. With over 6,000 start-ups and 220 corporate partners, Plug and Play has created a so-called startup ecosystem and provides active investments with 200 Silicon Valley venture capitalists, raising over $7 billion in funding.

Willis Towers Watson and Plug and Play already partner on innovation platforms across health and wellness, as well as Enterprise 2.0, which focuses on transforming management structures, company culture, and how work gets organized.

"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," said Saeed Amidi, CEO, Plug and Play. "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."

"We believe better ideas come through collaboration inside and outside our company," said Todd Jones, head of Corporate Risk and Broking, Willis Towers Watson. "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."