FinTech Magazine - November 2021 | Page 179

AMWINS

TOM PARSONS 2000

Year founded

6,200 + Employees worldwide

main focuses . Internally we are focused on building and maintaining the Amwins digital strategy and ensuring we are executing this strategy effectively .
“ The more external focus is working with the Amwins Ventures Fund which gives us the opportunity to look closely at and invest in technology companies that have the potential to enable and enhance how we solve retail agent problems and become easier to do business with .”
Parsons has an impressive background , having spent time in a number of roles that have prepared him for his current position , which have included working with regulators to get approval for a complex new Solvency II financial model , raising over $ 1bn of Insurance-Linked Security ( ILS ) capital from institutional investors and designing and building a new retail agent-facing portal , among others .
“ I have had the unique opportunity to closely observe the problems and needs of individual participants through the insurance value chain from the retail agent , to MGA , to MGU , to the carrier , to the regulator , to the reinsurer , to the institutional investor ,” he says . “ I think experiencing these different perspectives helps me prioritise and focus on the aspects that matter most within my role .”
Technology enablers The Amwins approach to progress is a

EXECUTIVE BIO

TITLE : HEAD OF DIGITAL INDUSTRY : INSURANCE LOCATION : UNITED STATES
As head of digital strategy for
Amwins , Tom develops and implements digital offerings for retail clients . With 15 years of experience in the industry , Parson ’ s roles have ranged from building , managing and training teams to designing complex captive structures to meet clients ’ coverage needs . Prior to joining Amwins , Parsons was president of WNC Insurance Services ’ specialty division where he built an end-to-end online platform to distribute surplus lines insurance products . Before that , Parsons served as a departmental portfolio manager of Tokio Marine Kiln , leading the implementation of a Solvency II financial model and raising over $ 1B in collateralised reinsurance .