Bitcoin life insurer Meanwhile’s CRO transitions to new role

Meanwhile, the world's first Bitcoin life insurance company, has announced that its chief risk and compliance officer will transition to senior advisor.

Annie Tay will continue to provide strategic counsel Meanwhile, said, building on what it called the robust governance, risk management, and compliance framework she developed during her tenure as CRO.

Tay joined the company after three decades of insurance leadership, most recently working on insurance stress testing and the insurtech programme at the Bank of England. She is an expert on how innovative technology like artificial intelligence and digital assets push evolution in life insurance.

As CRO, Tay spearheaded the implementation of comprehensive risk management policies, procedures, and controls tailored to Meanwhile's business model as a pioneer 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.

"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 CEO.

"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."

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