HAMILTON, Bermuda--(BUSINESS WIRE)--Meanwhile, the world's first Bitcoin life insurance company, announced today that Chief Risk and Compliance Officer Annie Tay will transition to Senior Advisor. In her new position, Tay will continue to provide strategic counsel as Meanwhile builds on the robust governance, risk management, and compliance framework she developed during her tenure as CRO.
“In her previous roles, Annie developed world-renowned expertise in developing and launching risk and compliance programs at life insurers. We were lucky to have her on board as we launched a fully functioning life insurer from scratch. Whether it's developing our best-in-class anti-money laundering program or launching our internal asset-liability matching processes, we wouldn't be where we are today without her,” said Zac Townsend, Meanwhile co-founder and Chief Executive Officer.
As CRO, Tay spearheaded the implementation of comprehensive risk management policies, procedures, and controls tailored to Meanwhile's unique business model as the pioneering provider of bitcoin life insurance. She worked closely with regulators to ensure Meanwhile's product development, sales practices, underwriting processes, and operational activities adhered to all applicable laws and regulations.
“It was an immense challenge and privilege to build a governance and compliance framework from the ground up for such a novel business in the digital asset space,” says Max Gasner, cofounder and Chief Technology Officer of Meanwhile. “I am proud of the groundbreaking work we accomplished, and I want to thank Annie for working with us to create rigorous standards as the company enters its next phase of growth.”
Annie joined the company after three decades of insurance leadership, most recently working on insurance stress testing and the insuretech program at the Bank of England. She is an expert on how innovative technology like artificial intelligence and digital assets push evolution in life insurance.
Tay will remain a key advisor to Meanwhile's leadership team, leveraging her deep domain expertise in life insurance governance, risk, and compliance to help guide the company's strategic direction.
About Meanwhile Group
Meanwhile’s mission is to leverage digital assets to provide protection and retirement services globally. Meanwhile Incorporated's subsidiary, Meanwhile Insurance Bitcoin (Bermuda) Limited, is the world's first Bitcoin life insurer. Regulated by the Bermuda Monetary Authority as a Class ILT insurer, Meanwhile Insurance is a fully functioning life insurance company denominated in Bitcoin. Meanwhile’s systems allow users to easily apply for their BTC life insurance policies, a tax-advantaged way to make a portion of policyholders’ BTC active. Confident that BTC is on pace to become a global store of value and functional currency, the company’s licensed and regulated Bermuda subsidiary is entirely denominated in BTC, accepting all premiums and paying out all claims in BTC. To learn more, visit meanwhile.bm
