SYDNEY, September 10, 2024 – WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, today announces the formation of a dedicated Technology industry practice within its Corporate Risk & Broking (CRB) business in Australia and New Zealand, led by Ben Di Marco, Cyber and Technology Risk Specialist.
Comprising of nine specialists in the team, the WTW Technology industry practice will leverage the unique cross-functional skillsets in the company to help technology organisations in Australia and New Zealand remain abreast of the key current and emerging risks impacting the industry locally and globally. Particularly, this includes issues that will significantly shape insurance programmes for technology product and service companies.
“Technology organisations deserve to be supported by insurance and advisory experts who understand their challenges and can deliver responsive and fit for purposes outcomes.”
Ben Di Marco | Cyber and Technology Risk Specialist, Australia & New Zealand WTW
Ben Di Marco commented, “The technology industry is amongst the fastest moving and most dynamic sectors in the economy. This places technology organisations at the forefront of emerging regulatory and stakeholder challenges. These include navigating the drastic increase in civil liability risks and losses arising from modern cyber breaches, the increased focus of regulators on technology supply chains, cyber security, resiliency, privacy, and new demands being placed on board regarding technology governance. Additionally, the consequences arising from Australia’s recent and incoming legal reforms, AI risk management processes and overall data risk management.
“Technology organisations deserve to be supported by insurance and advisory experts who understand their challenges and can deliver responsive and fit for purposes outcomes. I am delighted to have the opportunity to lead the specialised WTW team that is focused on meeting this critical market need.”
“WTW is skilled in the complex technology marketplace and understands specific industry risk exposures associated with businesses in this industry.”
James Baum | Head of Australia and New Zealand, WTW
James Baum, Head of Australia and New Zealand at WTW said “Technology organisations are at the forefront of innovation, creating applications such as AI and robotics, specialty products and solutions to tackle many of the challenges we face today. To meet these needs, WTW is skilled in the complex technology marketplace and understands specific industry risk exposures associated with businesses in this industry.
“Formalising our Technology industry practice will allow WTW to enhance our client proposition, protecting technology companies based on their individual risk profiles and needs through our product specialisation, data, analytics, broking, claims advocacy, service, risk control, technology and innovation, to provide a tailored risk management approach to businesses.”
“Ben will work seamlessly with all the specialists and teams across WTW, both within Australia and New Zealand, and globally to ensure our technology clients consistently receive the very best of One WTW,” he added.
The WTW Australia cybersecurity team was recently named as Cyber Security Consulting Business of the Year (Enterprise) by Cyber Daily in Australia. With close to 20 years of legal and insurance advisory experience, Ben’s work in WTW focuses on helping organisations understand their data security exposure and tailoring responsive resiliency and insurance solutions. He is also an admitted solicitor specialising in technology risk, insurance, data privacy, incident response and dispute resolution.
In addition, Ben sits on numerous advisory bodies, including as Vice President of the Australasian Society of Computers and Law, and guest lectures at five universities on topics including Insurance, Cyber and Technology Law, Information Security and Data-Governance. He joined WTW in 2019, leading WTW’s cyber and technology risk insurance team within its CRB business in Australia and New Zealand.
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