Application for the The Digital Insurer InsurTech Innovation
Award EMEA
1
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED.
24 June 2024
ABOUT | INSURWAVE
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED.
Insurwave empowers insurers and insurance buyers to
consolidate and visualise their data, enabling a deeper
understanding of risk and more informed decision-making. In
one place, companies buying and selling insurance can harness
insightful data, view business exposure changes in real time and
automate time-consuming tasks.
2
24 June 2024
ABOUT | INIGO
3
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED.
Inigo writes business from a multitude of territories, specialising on
several high-risk, high-capacity specialty insurance and reinsurance
lines – helping its clients embrace risk to open up a world of
opportunity.
Data lives at the core of everything Inigo does, through investing in
the best systems, research, analytics and people, and is proud to
celebrate a talented and flexible underwriting approach, by offering
genuinely different and useful perspectives on risk.
At a time of increasing geopolitical uncertainty and market
volatility, Inigo partnered with Insurwave to build and maintain a
real-time view of aggregate exposure across its aviation war
portfolio.
“One of the big challenges, that has been a gap in most insurers’
skill sets, is around assets that move. Historically, that's not always
been easy to track and monitor and that's where the relationship
with Insurwave has come about” said Chris Weller, Head of
Exposure Management at Inigo.
24 June 2024
ABOUT | SUMMARY
1. Ability to view aggregate exposure across
its portfolio
2. Live location tracking of assets on an
interactive risk map
3. Monitoring and alerts on events as they
arise around the world through designated
and custom search zones
4. Decreased response time to events in real
time
Inigo sought to get out of slow,
reactive exposure monitoring which
required manual exercises to get
insight into exposure management
strategy.
What Inigo received
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. 4
1. Drive innovation for Inigo’s offerings
2. Have real-time insights into Aviation War
Exposures, particularly during a time of
geopolitical uncertainty
3. Unrivalled client insights
What Inigo wanted
24 June 2024
THE INNOVATION | REAL TIME EXPOSURE MANAGEMENT
5
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED.
Insurwave’s SaaS platform allows syndicates to embrace
a more effective approach to exposure management by
collecting and aggregating data on risks in real-time,
linked to agreed policy terms and other third-party data
sources.
The Lloyd’s directive
24 June 2024
Inigo can now shorten their exposure monitoring
processes because they have a live view of their assets
linked to the Insurance policy terms and associated line
shares. They can now respond immediately when they
see real-time changes rather than taking weeks to run a
model.
Transparency with real-time data
THE INNOVATION | A CONNECTED VIEW
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED.
Insurwave exists to enable a real-time view of risk, exposures
and the insurances that underpin them. Working across the
insurance ecosystem of Insurers, brokers and their ultimate
corporate client bases, we have enabled a single source of truth
to provide confidence and trust for Inigo.
One centralised view of risk
6
24 June 2024
THE INNOVATION | INDUSTRY IMPACT
7
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED.
Many technology providers offer asset tracking
but not on a real-time basis. This forms the
bedrock of Insurwave’s approach and service
offering. However, when combined with our
proprietary AI models and collation of multiple
data sources to seamlessly visualise real-time
events, Insurwave represents the next wave of
integrated data management platforms, with a
heritage of supporting insurers to monitor and
track all physical asset types within a politically
volatile world.
Asset tracking in real time
24 June 2024
QUOTE | INSURWAVE
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED.
RICHARD ARCHER
CHIEF STRATEGY OFFICER, INSURWAVE
8
24 June 2024
QUOTE | INIGO
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED.
CHRIS WELLER
HEAD OF EXPOSURE MANAGEMENT, INIGO INSURANCE
9
24 June 2024
NAVIGATING EXPOSURE: INSIGHTS INTO RISK MANAGEMENT TECHNOLOGY
10
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED.
24 June 2024
11
CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED.
24 June 2024

Insurwave - Insurtech Innovation Award 2024

  • 1.
    Application for theThe Digital Insurer InsurTech Innovation Award EMEA 1 CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. 24 June 2024
  • 2.
    ABOUT | INSURWAVE CONFIDENTIALAND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. Insurwave empowers insurers and insurance buyers to consolidate and visualise their data, enabling a deeper understanding of risk and more informed decision-making. In one place, companies buying and selling insurance can harness insightful data, view business exposure changes in real time and automate time-consuming tasks. 2 24 June 2024
  • 3.
    ABOUT | INIGO 3 CONFIDENTIALAND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. Inigo writes business from a multitude of territories, specialising on several high-risk, high-capacity specialty insurance and reinsurance lines – helping its clients embrace risk to open up a world of opportunity. Data lives at the core of everything Inigo does, through investing in the best systems, research, analytics and people, and is proud to celebrate a talented and flexible underwriting approach, by offering genuinely different and useful perspectives on risk. At a time of increasing geopolitical uncertainty and market volatility, Inigo partnered with Insurwave to build and maintain a real-time view of aggregate exposure across its aviation war portfolio. “One of the big challenges, that has been a gap in most insurers’ skill sets, is around assets that move. Historically, that's not always been easy to track and monitor and that's where the relationship with Insurwave has come about” said Chris Weller, Head of Exposure Management at Inigo. 24 June 2024
  • 4.
    ABOUT | SUMMARY 1.Ability to view aggregate exposure across its portfolio 2. Live location tracking of assets on an interactive risk map 3. Monitoring and alerts on events as they arise around the world through designated and custom search zones 4. Decreased response time to events in real time Inigo sought to get out of slow, reactive exposure monitoring which required manual exercises to get insight into exposure management strategy. What Inigo received CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. 4 1. Drive innovation for Inigo’s offerings 2. Have real-time insights into Aviation War Exposures, particularly during a time of geopolitical uncertainty 3. Unrivalled client insights What Inigo wanted 24 June 2024
  • 5.
    THE INNOVATION |REAL TIME EXPOSURE MANAGEMENT 5 CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. Insurwave’s SaaS platform allows syndicates to embrace a more effective approach to exposure management by collecting and aggregating data on risks in real-time, linked to agreed policy terms and other third-party data sources. The Lloyd’s directive 24 June 2024 Inigo can now shorten their exposure monitoring processes because they have a live view of their assets linked to the Insurance policy terms and associated line shares. They can now respond immediately when they see real-time changes rather than taking weeks to run a model. Transparency with real-time data
  • 6.
    THE INNOVATION |A CONNECTED VIEW CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. Insurwave exists to enable a real-time view of risk, exposures and the insurances that underpin them. Working across the insurance ecosystem of Insurers, brokers and their ultimate corporate client bases, we have enabled a single source of truth to provide confidence and trust for Inigo. One centralised view of risk 6 24 June 2024
  • 7.
    THE INNOVATION |INDUSTRY IMPACT 7 CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. Many technology providers offer asset tracking but not on a real-time basis. This forms the bedrock of Insurwave’s approach and service offering. However, when combined with our proprietary AI models and collation of multiple data sources to seamlessly visualise real-time events, Insurwave represents the next wave of integrated data management platforms, with a heritage of supporting insurers to monitor and track all physical asset types within a politically volatile world. Asset tracking in real time 24 June 2024
  • 8.
    QUOTE | INSURWAVE CONFIDENTIALAND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. RICHARD ARCHER CHIEF STRATEGY OFFICER, INSURWAVE 8 24 June 2024
  • 9.
    QUOTE | INIGO CONFIDENTIALAND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. CHRIS WELLER HEAD OF EXPOSURE MANAGEMENT, INIGO INSURANCE 9 24 June 2024
  • 10.
    NAVIGATING EXPOSURE: INSIGHTSINTO RISK MANAGEMENT TECHNOLOGY 10 CONFIDENTIAL AND PROPRIETARY. COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. 24 June 2024
  • 11.
    11 CONFIDENTIAL AND PROPRIETARY.COPYRIGHT INSURWAVE LTD. 2023. ALL RIGHTS RESERVED. 24 June 2024