Inigo is partnering with Insurwave to build and maintain a real-time view of aggregate aviation war exposure across its portfolio.
Through Insurwave’s live location tracking of assets on an interactive risk map, the insurer gains easy access to monitoring and alerts on events as they arise around the world through designated and custom search zones.
The platform can also incorporate artificial intelligence and analytics to interrogate potential losses and bolster risk prevention.
“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. Insurwave’s platform gives us the tools to do that and we look forward to collaborating in other areas as part of this partnership,” said Chris Weller, head of exposure management at Inigo Insurance.
“The ability to not only understand your exposure, but 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,” added Richard Archer, Insurwave’s chief strategy officer.
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