London-based insurance technology platform Insurwave onboards Inigo as a new client.
The partnership will use Insurwave’s technology and industry expertise to help Inigo build and maintain a “real-time view” of aggregate exposure across its portfolio, the firms say.
Through Insurwave’s live location tracking of assets on an interactive risk map, the insurer will gain access to monitoring and alerts on events as they arise around the world through designated and custom search zones.
Inigo works solely within the broker intermediary market via its Lloyd’s syndicate, catering to commercial and industrial enterprises globally, while providing reinsurance to insurers.
Commenting on the partnership, Chris Weller, head of exposure management at Inigo Insurance, says: “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.”
Richard Archer, Insurwave’s chief strategy officer, adds: “The ability to not only understand your exposure, but to also maintain a real-time view of your aggregations, has become a key requirement for the aviation insurance market in particular.
“We look forward to working with Inigo to help them extend their real time data tracking and to unlock new insights for proactive loss prevention and risk management services, as well as exploring what this could mean for other classes moving forward.”
