Insurwave

What Insurwave does

Insurwave is a London-based SaaS provider that operates an AI-driven exposure management platform for specialty insurance, founded in 2018 and operating as Insurwave Limited in England and Wales (company number 11284335). The platform serves four interlocking participant types in the specialty insurance value chain — multi-line specialist insurers and MGAs, global specialty brokers, and corporate insurance buyers — providing a shared, real-time view of risk across marine, aviation, and property lines of business.

The core platform ingests raw submission data from multiple formats (Excel, PDF) using AI that was originally designed and trained over three years using thousands of historical submissions from London market syndicates and insurers, acquired from EY in 2023 as the "Insurwave AI" module. It combines automated data validation, geocoding, enrichment, and zone breach detection with real-time asset tracking — including a proprietary GNSS spoofing and signal jamming detection capability built on pattern recognition of satellite and AIS discrepancies. Integrated features include dynamic exposure monitoring, automated premium calculation triggered by policy events such as vessels entering war zones, and threat intelligence delivered through partnerships such as Ambrey Security. Insurwave holds ISO 27001 certification (NQA-accredited) covering the platform's information security management.

Commercially, Insurwave runs an enterprise SaaS subscription model with a direct sales motion and dedicated customer success organization based near the London insurance market at Harling House, 47-51 Great Suffolk Street. Pricing is not publicly disclosed and is handled through demo-based enterprise agreements. Named enterprise customers include A.P. Møller-Maersk, Willis (WTW), Convex Insurance, Inigo Insurance, Westfield Specialty, and Teekay, spanning shipping operators, brokers, and carriers. The company participates in industry events such as Airmic and the European Captive Forum and pursues content-led demand generation. As of the latest reporting, headcount is in the 51–100 range, and the company serves markets across Europe, EMEA, North America, and globally.

Name

Insurwave

Legal name

Insurwave Limited

Website

https://insurwave.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Insurwave is a London-based AI-driven SaaS platform that delivers real-time exposure management and underwriting automation for specialty insurers, MGAs, brokers, and corporate buyers across marine, aviation, and property lines.

Ownership category

akta.pro rank

Product category

Specialty Insurance Technology (InsurTech)

NAICS

Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Fire, Marine & Casualty Insurance (6331), Services-Computer Programming, Data Processing, Etc. (7370), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)

akta.pro secondary industries

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB), IoT/Connected Risk Prevention & Parametric Triggers Platforms (FSAGAGAG)

Keywords

• Exposure management platform
• Specialty insurance software
• Underwriting automation
• Risk visualization software
• Insurance data ingestion

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Platform Subscription: Cloud-based platform subscription model providing exposure management and underwriting automation capabilities to insurers, brokers, and insurance buyers. The platform connects all parties in the insurance value chain on a single unified system.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Insurwave provides an AI-driven exposure management platform for the specialty insurance market, connecting insurers, MGAs, brokers, and insurance buyers on a unified system. The platform automates data ingestion, enables real-time asset and risk visibility, and streamlines underwriting and premium calculation workflows for marine, aviation, and property lines of business.

Product overview

Insurwave offers a unified, AI-driven exposure management platform for specialty insurance, comprising the core Insurwave Platform integrated with Insurwave AI (acquired from EY) for intelligent data ingestion. The platform connects insurers, MGAs, global brokers, and insurance buyers on a single system, providing services tailored to each segment: portfolio management and exposure monitoring for Insurers & MGAs, end-to-end data and automation for Brokers, and consolidated asset/policy management for Insurance Buyers. Core features include dynamic exposure monitoring, real-time threat intelligence, automated war voyage management, and AI-powered data enrichment and extraction capabilities across marine, aviation, and property insurance sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurwave Platform Cloud-based AI-driven exposure management SaaS platform for specialty insurers and MGAs that automates data ingestion, provides dynamic portfolio views, and supports underwriting, premium calculation, and exposure monitoring across marine, aviation, and property lines.
• Insurwave for Insurers & MGAs Tailored offering on the Insurwave platform for specialty insurers and Managing General Agents to manage portfolios, automate premium calculations, monitor exposures in real time, and gain portfolio-wide risk visibility.
• Insurwave for Global Brokers Platform offering for global specialty insurance brokers to streamline client servicing, track insured assets, and provide data-driven insights to corporate insurance buyers.
• Insurwave for Insurance Buyers Platform offering for corporate insurance buyers (multinationals) to centralize policy data, monitor insured assets, and collaborate with brokers and underwriters on placements.

Quantifiable outcome

• Up to 90% effort reduction from elimination of manual data flow between systems
• +5 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Portage AIcoreStrategic or Co-development Partner · 2 June 2026Strategic agreement to advance AI-driven innovation across specialty insurance. The partnership aims to leverage Portage AI's capabilities to enhance Insurwave's exposure management and underwriting automation features.
• Ernst & Young (EY)coreTechnology or Integration · 1 January 2023Acquisition of specialty insurance AI technology from EY. The AI was designed and trained over three years using knowledge from thousands of historical submissions provided by London market syndicates and insurers.
• Ambrey SecuritycoreTechnology or IntegrationPartnership for real-time maritime threat intelligence. Ambrey logged in excess of 4,500 maritime security events in 2024 through Insurwave's vessel spoofing solution, providing piracy threats, armed conflicts, and vessel affiliation alerts.
• BusinessCloudminorGTM or Marketing PartnerListed in BusinessCloud's InsurTech 50 for 2025 ranking, highlighting leading insurtech companies transforming the insurance industry.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Federato: AI underwriting platform for specialty and commercial insurers offering portfolio optimization and submission prioritization. Comparable AI-driven approach to insurance workflow automation.
• ICEYE: Satellite-based Earth observation company providing flood, wildfire, and asset monitoring data to insurers. Comparable in delivering real-time geospatial risk intelligence that complements parametric and exposure-based insurance products.
• Cape Analytics: Geospatial AI platform providing property intelligence to insurance carriers. Adjacent in applying computer vision and real-time data to property underwriting and exposure assessment.

Broad incumbents

• Guidewire Software: Leading core insurance SaaS platform serving P&C insurers with policy administration, underwriting, and claims. Broader in scope than Insurwave but increasingly targeting specialty lines where Insurwave competes.
• Duck Creek Technologies: Cloud-based SaaS provider of core systems for P&C insurers including policy, billing, and claims. A broader incumbent that could expand its analytics capabilities into specialty exposure management.
• EIS Group: Core insurance SaaS platform serving global insurers with policy administration and digital engagement tools. Established incumbent with comparable specialty and London market accounts.

Direct peers

• Planck: AI platform that automates commercial insurance underwriting by extracting and enriching submission data for carriers. Direct overlap with Insurwave's Insurwave AI ingestion capabilities for commercial/specialty lines.
• Skytek: Marine and aviation insurance technology provider offering real-time vessel tracking and risk management solutions. Closest peer in the marine war-risk niche where Insurwave has its strongest footprint.
• Cytora: AI-powered commercial insurance underwriting platform that digitizes submission ingestion and risk evaluation for commercial carriers. Comparable AI-first approach to automating specialty insurance workflows.
• AdvantageGo: London-market insurance SaaS platform providing underwriting, exposure management and rating tools for specialty insurers and brokers. Direct competitor whose former employee (Deepak Saigal) was hired by Insurwave as CDO, signalling talent migration between the two.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Insurwave