Global brokerage Willis Towers Watson (WTW) has launched two new initiatives to drive organic and inorganic growth – WTW Strategic Ventures and a growth board.
WTW Strategic Ventures will make early-stage investments in emerging digital and technology-enabled businesses across insurance, risk, and human capital to unlock new growth possibilities in strategically relevant businesses, help develop innovative digital products and solutions, as well as expand the ways the company can interact with clients and business partners.
A new growth board, on the other hand, will support early-stage ideas that have the potential to create new markets, new customer channels, and new business models. It will work together with the existing new venture investment committee to help expand WTW’s innovation pipeline.
“WTW Strategic Ventures is core to the company’s growth strategy by enhancing our capabilities to identify and develop strategic opportunities and alliances aimed at delivering tangible value to our clients,” said John Haley, CEO of Willis Towers Watson. “These new initiatives will source investments and utilise relationships with the venture capital community, clients, and industry connections to support innovation inorganically, and organically with the growth board, to create new offerings in areas of strategic interest to the company.”