To promote innovation and real-time insights in Aviation War exposures, Insurwave and Inigo collaborate.

A new partnership has been launched between Insurwave, a London-based InsurTech platform, and Inigo, a UK-based insurance company. Insurwave is well-known for its ability to support international enterprises with complex insurance needs.

Tyree Schoen

March 13, 2024

2Min Reads

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Wealth

Because of Insurwave's state-of-the-art technology and extensive industry experience, Inigo decided to collaborate with them in order to build and preserve a real-time perspective of the total exposure throughout its portfolio.

This decision was made in the face of rising geopolitical unpredictability and market volatility, when it is critical to have a thorough awareness of one's exposure to risk.

Via an interactive risk map, Insurwave's cutting-edge software as a service platform provides capabilities including real-time asset location tracking.

With this feature, insurers such as Inigo can quickly keep an eye on events as they happen throughout the globe and get alerts about them within bespoke search zones. These kinds of capabilities enable insurers to react to new hazards in a timely and efficient manner.

In addition, the collaboration establishes a standard for the insurance sector to follow in terms of implementing a more effective exposure management strategy.

The platform provided by Insurwave makes it easier to gather and combine real-time risk data that is in line with policy terms and external data sources. Additionally, Inigo plans to use the platform's analytics and artificial intelligence features to evaluate possible losses and provide its clients proactive risk protection services.

"Our collaboration with Insurwave bolsters our vision to further develop Inigo's data-driven exposure management capabilities, providing our Aviation War Underwriters with precise information at the point of pricing, through to live tracking of fleets," said Chris Weller, Head of Exposure Management at Inigo Insurance. We can accomplish that thanks to Insurwave's platform, and as part of our agreement, we're excited to work together in other areas as well.

Chief Strategy Officer of Insurwave Richard Archer continued, "Knowing your exposure and being able to keep an eye on your aggregations in real time has become essential for the aviation insurance sector in particular. We're excited to collaborate with Inigo to assist them expand their real-time data tracking, uncover fresh perspectives for proactive loss prevention and risk management services, and investigate potential future implications for other classes.