Ben Di Marco, James Baum and Andrew Morgan
World advisory and insurance coverage providers agency Willis Towers Watson (WTW) has launched a devoted know-how business observe downunder, with the nine-strong group to be led by Ben Di Marco.
The brand new observe will sit throughout the agency’s A/NZ company danger & broking division and advise regional know-how firms on present and rising dangers impacting the business each regionally and overseas, significantly as to insurance coverage.
A regulation and commerce graduate, Ben Di Marco has been with WTW out of Brisbane since 2019, and along with serving as a visitor lecturer sits on quite a few advisory committees round information privateness regulation and cyber danger governance.
“The know-how business is amongst the quickest transferring and most dynamic sectors within the economic system,” Di Marco said. “This locations know-how organisations on the forefront of rising regulatory and stakeholder challenges, they usually should be supported by insurance coverage and advisory consultants who perceive their challenges and may ship responsive and fit-for-purposes outcomes.”
Among the many modern challenges outlined by Di Marco are a drastic improve in civil legal responsibility dangers and losses arising from trendy cyber breaches, and the elevated focus of regulators on know-how cybersecurity, privateness, and provide chains. Moreover, firms must take care of latest and incoming authorized reforms round information and AI danger administration.
WTW’s A/NZ head James Baum added: “Know-how organisations are on the forefront of innovation, creating functions resembling AI and robotics, specialty merchandise and options to sort out lots of the challenges we face in the present day. To fulfill these wants, WTW is expert within the complicated know-how market and understands the business’s particular danger exposures.”
The launch of the brand new observe follows Baum’s recruitment from Aon in July, with Baum having most lately served as world head of wholesale & specialty broking out of London and beforehand Australia CEO throughout virtually 20 years on the rival agency. Baum took over A/NZ duties from Simon Weaver, who continues on as head of WTW’s merged Asia Pacific enterprise.
Baum says that in formalising its native know-how business observe, WTW would improve its shopper proposition by leveraging its distinctive cross-functional skill-sets throughout product specialisation, information & analytics, broking, claims advocacy, danger management, and innovation amongst different areas to offer tailor-made danger administration options primarily based on particular person firm profiles.
Additionally among the many nine-strong group delivering the brand new service is former La Trobe College CISO Andrew Morgan, who has joined WTW as its A/NZ cyber consulting chief. Previous to La Trobe, Morgan served for six years in senior positions at NBN, earlier than which he was a forensics companion at BDO. He additionally hung out as a director at Deloitte and PPB Advisory following an earlier profession in regulation enforcement.
