Insurwave closes its latest funding round on £5m

Insurwave, a digital software platform for insurance firms, has reportedly collected £5m in funding.

The investment was led by unnamed existing shareholders.

This capital injection will be used to expand the features available on the platform and improve innovation within commercial insurance.

Insurwave helps to digitise, connect and automate the commercial insurance sector. Its tools enable a client to build a digital asset view, improve the access to secure data and automate management of risk events.

Insurwave CEO David Power said, “We are delighted by the industry’s response to Insurwave, as we continue to onboard clients across risk owners, brokers, insurers and reinsurers. We are mission-centric in our approach to provide a digital-first platform for complex insurance that can benefit the sector at large.”

The InsurTech recently teamed up with Xceptor to support the digitalisation and automation of marine insurance.

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