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Willis Towers & Plug and Play Tie Up, Launch New Platform

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Willis Towers Watson Public Limited Company WLTW has joined as one of the two Founding Anchor Partners of Plug and Play’s brand new innovation platform, Enterprise 2.0. This newly launched platform will help facilitate the transformation, organization as well as optimization of the company’s culture, management structures and workflow.

On Sep 5, 2017, Willis Towers entered into a partnership agreement with Plug and Play, which has emerged as the world’s leading startup accelerator and open innovation platform. In fact, the new platform will allow Willis Towers and Plug and Play to collaborate with various start-ups and other corporations and enhance innovation and efficiencies in the fields of Finance, Human Resources, IT, Legal and Operations.

The new platform has been created for organizations, engaged in building and sustaining ingenious work culture to be well-positioned in the future. As a result, workforce engagement and technology enhancement will be carried out efficiently, leading to effective execution and utilization of business strategies as well as advanced operations.

With rapid digitization and ever-changing talent requirements, organizations across the globe are finding it difficult to cope with and address such shifting trends. It is on this front that the new platform can play an instrumental role, helping the insurance broker discover opportunities with start-ups and providing advanced solutions to improve and engage talent needs. Such needs will be aligned with the clients’ requirements, helping them to attain the desired business results and a more solid, profitable future.

The latest collaboration is set to benefit Willis Towers in fulfilling its objective of a more secure, stronger and a lucrative future business outcome, apart from strengthening the clients’ demands. Moreover, the insurance broker will be able to realize operational opportunities through such strategic initiatives, leading to a better overall performance and growth in the near future.

Zacks Rank and Share Price Movement

Willis Towers carries a Zacks Rank #3 (Hold). Shares of Willis Towers have outperformed the industry in a year’s time. The stock has gained 23.3% compared with the industry’s rally of 19.2%. We expect organic growth in commissions and fees, strong sales pipeline, strategic initiatives and a robust capital and financial position to drive the shares higher in the near term.


Stocks to Consider

Some better-ranked stocks from the insurance industry are Radian Group RDN, CNO Financial Group CNO and American Financial Group AFG, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.   

Radian Group offers mortgage and real estate products and services in the United States. The company delivered positive surprises in three of the last four quarters with an average beat of 7.9%.

CNO Financial develops, markets and administers health insurance, annuity, individual life insurance and other insurance products for senior and middle-income markets in the United States. The company came up with positive surprises in the last four quarters with an average beat of 23.9%.  

American Financial provides property and casualty insurance products in the United States. The company pulled off positive surprises in the trailing four quarters with an average beat of 26.3%.

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