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Willis Towers Watson and Plug and Play announce a global InsurTech partnership

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October 17, 2018

Willis Towers Watson announced an international InsurTech partnership with Plug and Play, a global innovation platform, and extending it to Asia, including Singapore, Beijing and Tokyo.

SINGAPORE, 17 October 2018 — Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, today announced an international InsurTech partnership with Plug and Play, a global innovation platform. This agreement expands upon the two companies existing partnership by extending Willis Towers Watson’s access to early stage InsurTech start-ups across all of Plug and Play’s InsurTech platforms, which include Beijing, Munich, New York, Silicon Valley, Singapore and Tokyo. As part of the agreement, Willis Towers Watson will assist in qualifying, mentoring and collaborating with InsurTech start-ups in Plug and Play’s global ecosystem.

“We are very excited about our global partnership with Plug and Play, which now extends to their Singapore, Beijing and Tokyo platforms in Asia. Willis Towers Watson has been working closely with Plug and Play Singapore over the last few years, developing cutting-edge solutions that integrate some of the best-in-class startups from Plug and Play ecosystem with our strategy consulting and InsurTech solutions and capabilities in analytics. This has helped our Life, P&C and Health insurance clients to be more innovative in redesigning and reinventing different components of their value chain, and becoming more customer centric and agile,” added Rajesh Sabhlok, head of Strategy & Distribution, Insurance Consulting & Technology, South Asia & Emerging Markets, Willis Towers Watson.

“We are thrilled that Willis Towers Watson is expanding this partnership to the Asia Pacific region. As we have been ramping up InsurTech activities in Asia, such as with the launch of our platform in Singapore this year, this collaboration is very timely for us to build on our existing relationship. It allows Plug and Play to extend our startup sourcing, investments and ecosystem development initiatives in the region to complement Willis Towers Watson’s efforts in providing more cutting-edge solutions to their clients,” said Jupe Tan, Managing Partner, Plug and Play Asia Pacific.

Willis Towers Watson and Plug and Play also 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 organised.

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has over 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential.

About Plug and Play

Plug and Play is a global innovation platform. Headquartered in Silicon Valley, the company has built accelerator programs, corporate innovation services and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, its programs have expanded worldwide to include a presence in 28 locations globally, giving start-ups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 start-ups and 220 official corporate partners, Plug and Play has created the ultimate start-up ecosystem in many industries and provides active investments with 200 leading Silicon Valley VCs, and hosts more than 700 networking events per year. Companies in its community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound and Zoosk. For more information, visit www.plugandplaytechcenter.com.

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