Insurtech platform Insurwave secures £5mn funding

Commercial lines insurtech platform Insurwave has raised £5 million in funding to help drive continued growth.

The fundraise was led by existing shareholders and will be invested in expanding the features of the platform.

The Insurwave platform is designed to transform complex insurance processes to a digital-first experience, with features including parametric insurance contracts, internal & external data integration, automated premium calculation, and risk performance ledger.