The first is WTW Strategic Ventures, an initiative aimed at creating strategic growth opportunities by investing in emerging digital and technology-enabled businesses across insurance, risk and human capital.
WTW Strategic Ventures will make early stage investments in companies pursuing next-generation innovation, bolstering access to cutting-edge ideas and trends. These investments will unlock new growth possibilities in strategically relevant businesses and further enable Willis Towers Watson to enhance and expand the ways in which we interact with our clients and business partners and develop innovative digital products and solutions.
In addition to the launch of WTW Strategic Ventures, Willis Towers Watson has also announced the formation of a new Growth Board. The Growth Board will increase the company’s organic innovation efforts by supporting early-stage ideas that have the potential to create new markets, new customer channels and new business models. Working together with the existing New Venture Investment Committee, the Growth Board will help expand Willis Towers Watson’s innovation pipeline.
John Haley, CEO, Willis Towers Watson, said, “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. These new initiatives will source investments and utilize 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.”
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