WTW establishes fintech, digital assets taskforce

WTW establishes fintech, digital assets taskforce | Insurance Business Asia

Technology

WTW establishes fintech, digital assets taskforce

Global unit brings together specialists across all lines of insurance

Technology

By
Terry Gangcuangco

WTW has introduced a fintech and digital assets taskforce designed to support clients in managing the intricate risks associated with the digital asset ecosystem.

The broking giant, which has cultivated deep expertise in the fintech and digital assets sectors over the past decade, formed a taskforce that brings together its global specialists across all insurance lines.

“WTW has consistently stayed ahead of financial innovations and the corresponding risks by addressing the evolving needs of our clients,” said Jeremy Wall, global head of FINEX (financial, professional, and executive Risks). “The creation of this taskforce is a strategic move to address the unique challenges presented by the fintech and digital assets ecosystems.”

The taskforce is co-led by Anthony Rapa, fintech subvertical leader in North America, and Trenton McKee, fintech and digital assets leader in Great Britain.

The team’s primary focus includes developing customised insurance solutions that address the distinct risks of fintech and digital assets and leveraging advanced analytics to assist clients in navigating the complexities of these risks.

Further, the taskforce will drive innovation by collaborating with business leaders, technology pioneers, venture capitalists, and regulatory authorities, ensuring that WTW’s insurance and risk management solutions evolve in tandem with new advancements in financial technology.

Additionally, the team is tasked with developing new insurance products in challenging areas such as physical infrastructure and generative artificial intelligence.

“Our financial institutions clients are increasingly integrating digital assets into their business strategies and client service offerings, and they require tailored solutions that address both the opportunities and risks across the organisation,” said Susan Finbow, global head of FINEX financial institutions.

“WTW’s fintech and digital assets taskforce is uniquely equipped to help our clients navigate the complexities and harness the opportunities in this evolving risk landscape.”

What do you think about this story? Share your thoughts in the comments below.