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As 2025 comes to an end, it's time to reflect on a transformative year for Insurwave and the specialty insurance market at large. In an environment defined by evolving geopolitical tensions, escalating climate risks, and the continued acceleration of AI-driven innovation, insurers have faced mounting pressure to enhance operational efficiency whilst maintaining rigorous risk assessment standards.
This year, we welcomed new leadership, Adrian Morgan, former CEO of Mission Underwriters and Premal Gohil, former Head of Corporate Development at Beazley, signalling our commitment to strategic growth and operational excellence. We've also expanded our market presence with significant client wins, including Westfield and Allianz, while earning recognition through the Insurtech Top 50, National Insurance Awards, and Insurtech 100 2025.
Through strategic partnerships with Target Markets Group, Instech, and MGAA, alongside substantial platform enhancements spanning marine, aviation, and property lines, we've continued to deliver on our mission: empowering insurers with real-time, dynamic exposure monitoring and AI-powered data ingestion capabilities that transform how the market assesses and manages dynamic risk.
Read on to discover the key developments that defined our year.
Platform Updates
Exposure Monitoring
Dynamic exposure calculations now visualised on the risk map
Our system now automatically calculates exposure for each policy within a selected zone, factoring in policy aggregates that apply and adjusting the figure based on the policy’s line share. You'll also see the total exposure for the entire zone, ensuring a clear and accurate view of your risk.
Historic Aviation exposure extract
You can now request an extract with the list of aircraft and their total insured values for a historic point in time - directly from the risk map for any zone. This means greater flexibility and deeper insights into past exposure, helping you make more informed decisions with ease.
The extract generated will detail all aircraft within the requested zone at the requested time and date, provided the aircraft transmitted a position within the 12 hours leading up to the requested time.
We’ve also made several performance changes with scalability in mind, specifically to accommodate larger asset portfolios such as Property, Terror, Marine Liability & Marine Cargo. These changes include:
- Optimised rendering speeds: View over 100,000 assets within seconds.
- Dynamic asset loading: The Risk Map now loads relevant details as you zoom in and out, improving efficiency and user experience.
Marine exposure extract now includes line share percentage
Marine exposure extracts now feature the line share percentage, enabling underwriters and exposure managers to report more accurately on their exposure positions for a given set of marine assets within a zone.
Submission Ingestion
Submission ingestion service for marine lines of business
The Submission Ingestion Platform now supports Marine Cargo, Marine Liability, and Fine Art and Specie lines of business.
This launch extends our proven ingestion capability—already established in Property and Terror—to the Marine portfolio. It enables underwriters to ingest, cleanse, extract, enrich, and standardise submission data through a fully automated process that delivers information in a structured, consistent format.
The result is high-quality, accurate, and reliable data that underwriters can trust. Each submission generates a standardised profile offering real-time insights to support confident underwriting decisions.
The platform also integrates seamlessly with downstream systems such as Verisk and Katrisk, minimising manual effort and enabling a lean, automated underwriting workflow.
New extraction capability for secondary modifiers
This release introduces new secondary modifier extraction and enrichment capabilities within the Submission Ingestion Platform. The platform now captures a broad range of secondary modifiers from SOVs, including roof type, wall, foundation, floor, fire resistance, sprinkler systems, and contents damageability, and more.
This advancement enables Insurwave AI to deliver a more complete and accurate property data set, enriching secondary modifier information to enhance catastrophe modelling accuracy, strengthen risk assessment, and support more informed underwriting decisions.
New Clients
Insurwave played a pivotal role in supporting Westfield Specialty Insurance International's Exposure Management Transformation programme, a comprehensive 12-month initiative that has modernised the specialty insurer's catastrophe modelling and exposure management capabilities.
Working as the technology partner for submission processing and data integration, Insurwave's AI-driven platform served as the gateway for Westfield's automated submission-to-quote workflow, enabling the extraction, standardisation, and enrichment of submission data for downstream catastrophe modelling, flood modelling, and pricing systems.
This transformation demonstrates how AI-driven automation is enabling specialty insurers to achieve operational excellence while meeting Lloyd's market expectations for modern technology adoption.
In November, Allianz, one of the world's leading general insurers, selected Insurwave to transform its aviation accumulation management.
As the aviation insurance market continues to evolve, Allianz recognised the need for advanced technology solutions to manage complex, global portfolios in real-time.
Through our platform, Allianz can now:
- Track assets in real-time: Continuous monitoring of aviation assets via our Flightradar24 integration, with historic trail visibility over the past 12 months.
- Monitor zone-based exposures live: Instant visibility into TIV and exposure across countries, airports, blast zones, and LSW-617-H zones, with breakdowns by policy and signed lines.
- Respond to events faster: Real-time alerts and portfolio insights enabling proactive risk management
This partnership represents a significant step forward in bringing dynamic risk management to aviation insurance, and we're excited to support Allianz in managing its portfolio more efficiently and effectively.
Industry Recognition
Business Cloud’s Insurtech Top 50
Insurwave has been ranked #6 in BusinessCloud's Insurtech 50 ranking for the third year running.
The InsurTech 50 celebrates businesses of all sizes creating original tech for insurance advice, products and claims.
National insurance Awards 2026
Insurwave and Westfield Specialty International have been shortlisted for the Insurtech Award – Commercial Insurance for the launch of Westfield's market-leading Exposure Management Transformation programme, at the 13th Annual National Insurance Awards.
Keep an eye on our socials to see the result in 2026!
Insurtech100 2025
Insurwave has been included in the annual FinTech Global InsurTech100 list for 2025.
Being recognised among the world's leading insurance technology innovators is a testament to our team's dedication to transforming the insurance value chain through cutting-edge technology.
This year's selection was more competitive than ever, with over 2,100 Insurtech companies evaluated by industry experts.
We're honoured to be acknowledged alongside companies using technology to solve critical industry challenges and enhance efficiency across underwriting, pricing, distribution, and customer experience.
Industry Partnerships
Osprey Flight Solutions
In May, we joined forces with Osprey Flight Solutions to transform the future of aviation insurance and risk management.
By combining Osprey's actionable aviation risk data with Insurwave’s real-time data aggregation and visualisation technology, underwriters, risk managers, and brokers can access a comprehensive view of aviation security risks and exposure data, all within a single platform.
Target Markets Group
We're thrilled to announce that Insurwave has officially joined the Target Markets Program Administrators Association (TMPAA), reinforcing our commitment to empowering MGAs with cutting-edge technology solutions.
Why this matters:
Lightning-Fast Quote Turnaround
Our AI-powered platform supercharges the quote process, enabling faster aggregate checks and modelling. This means MGAs can respond to broker requests in record time, dramatically improving quote conversion rates and competitive positioning.
Data-Driven Underwriting
In today's market, data is the ultimate competitive edge. Insurwave partners with industry-leading data providers across critical sectors, including Property, Political Violence/Terror, Aviation, and Marine. Our data partnerships ensure underwriters have access to the most comprehensive, real-time insights for informed decision-making on risk assessment, pricing strategies, and product structuring.
Operational Efficiency at Scale
As MGAs grow, manual processes become bottlenecks. Our automation and machine learning capabilities free up underwriters from routine tasks, allowing them to focus on what matters most: building relationships, trading, and business development.
Joining TMPAA represents our dedication to supporting the MGA community with innovative solutions that drive growth, efficiency, and profitability.
Instech
In May we joined the InsTech community to:
- Spend more time with old friends and innovators
- Develop new partnerships
- Bring more value to our clients
Thank you to InsTech for building such a strong community platform for insurtech’s and the insurance market. It is in partnership with our clients, and the wider market community, that we can deliver the greatest value for all.
MGAA
The MGA landscape is experiencing rapid change, driven by several factors, including AI, enhanced underwriting, and tech-first risk mitigation models.
With enhanced underwriting accounting for $5 billion in business, according to Lloyd’s Market Association, we are delighted to join the Managing General Agents’ Association (MGAA) at such a crucial time and look forward to sharing how tech and data platforms like insurwave can help MGAs differentiate themselves in a highly competitive market.
New Leadership
In October, we appointed Adrian Morgan as our new Chief Executive Officer. Adrian brings over two decades of experience at the intersection of insurance and technology, including leadership roles as CEO of Mission Underwriters, Executive Vice President and Global Head of AdvantageGo at Coforge, and Head of Insurance Software at DXC (formerly Xchanging).
In March, Premal joined Insurwave as our new Chief Financial Officer, bringing a wealth of experience in financial services and technology, having led strategic initiatives at Beazley, Liberty Mutual, and PwC. His expertise in innovation, leadership, and sustainable business growth will play a key role in supporting Insurwave’s mission to deliver accuracy, visibility, and efficiency for the specialty insurance market.
Happy holidays!
From all of us at Insurwave, we’d like to thank you for your continued support, and we look forward to accomplishing even more together in 2026. Happy holidays and merry Christmas to all who celebrate.
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