Willis Towers Watson unveils growth initiatives
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Willis Towers Watson PLC on Wednesday unveiled two initiatives, one focused on investing in startups and the other on developing new markets and business, in a bid to drive inorganic and organic growth.
WTW Strategic Ventures will make early-stage investments in innovative companies across insurance, risk and human capital, Willis Towers Watson said in a statement.
These investments are expected to unlock new growth possibilities in “strategically relevant businesses,” enabling the brokerage to expand the ways it interacts with clients and business partners, the statement said.
In the second initiative aimed at increasing organic growth, Willis Towers Watson said it has formed a Growth Board, which will support early-stage ideas with the potential to create new markets, customer channels and business models.
The Growth Board will work with Willis Towers Watson’s existing New Venture Investment Committee, to expand its innovation pipeline, according to the statement.
“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,” John Haley, CEO of Willis Towers Watson, said in the statement.
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