(DENVER – April 14, 2022) IMA Financial Group, Inc., a North American insurance brokerage firm specializing in risk management, insurance and wholesale brokerage, announced its Advanced Industries practice, demonstrating its commitment to serving industry sectors with increasingly complex risk profiles.
The practice will offer new risk management services and insurance products to four key industry verticals: technology, life sciences, advanced manufacturing and digital risk.
“As the industry evolves, so does IMA,” said Mark Ware, Advanced Industries National Practice Leader. “Our clients are at the forefront of change, thanks to remarkable innovation and courage, so we’ve assembled a robust practice of experts that can navigate today’s complex insurance market and look into the future to manage tomorrow’s increasing risks.”
Ware, a 30-plus year insurance veteran and former chair of TechAssure, will oversee a team of insurance professionals highly experienced in sophisticated segments such as biopharma, cleantech, medical disposables and advanced manufacturing, along with unmatched expertise in the emerging segments of decentralized finance (DeFi), cryptocurrency and non-fungible tokens (NFT).
“In the first two months of 2022, we added DeFi clients representing more than $250M in insurance premium,” reported Garrett Droege, IMA Financial Group Director of Innovation + Strategy. “We are responding to this success by offering a full suite of services to clientele with similarly complex risk profiles.”
Droege, who joined IMA in 2021, has been seated at the intersection of technology and risk management for more than 15 years, including as Executive Director of TechAssure, an association of insurance brokers specializing in technology-related risks. His hire, and today’s announcement, are part of IMA’s long-term strategy to drive the future of insurance.
In March, the company entered the metaverse with the digital ecosystem’s first insurance research and development facilityand announced a partnership withThe Institutes RiskStream Collaborative® to unlock the potential of blockchain in risk management and insurance. In 2021, it formed IMA Invest, a start-up-focused fund investing in insurtech, technology that solves problems for the trillion-dollar insurance industry.
“We’ve taken bold steps,” said Ware. “But this is just the beginning of our efforts to protect the world’s most innovative companies and advance the industry.”
About IMA Financial Group
Based in North America, IMA Financial Group Inc. is an integrated financial services company focused on protecting the assets of its widely varied client base through insurance and wealth management solutions. Because IMA is employee-owned, its 1,800-plus associates are empowered to provide customized solutions for their clients’ unique needs.