Vave

Are you equipped to compete in a faster market? London market insurers are increasingly looking to adopt algorithmic and smart follow approaches to underwriting, after early adopters have proved these techniques can be profitable. This allows brokers to access capacity more quickly, while insurers can underwrite with lower expenses. Insurers anticipate that wider adoption will bring competitive pressure. Do they want to compete against underwriting firms that can quote and bind almost instantly at low expense, or do they want to offer fast capacity themselves? But smart follow, algorithmic underwriting and augmented underwriting are not all the same. A diverse range of techniques can help insurers deploy capacity quickly at low expense. For companies looking to get involved for the first time, there's now a wide menu of options to build your own solutions or partner with others. Full analysis here, including insight from Alan Tua (Ki Insurance), Louise Smith & Richard Clarkson (WTW), Marek Shafer (Vave / Canopius Group) and Gilbert Harrap (InsurX) >> https://lnkd.in/eWWYcqee Adrian Candela Tom Sarah The Insurer Spencer

We’re hiring in the Product team at Vave. The Underwriting Product Manager will lead the pricing, appetite and continued development of Vave’s established US Flood product. If you’re a Cat modeller or have a background in flood modelling this is great opportunity to move into underwriting!

Exciting new Vave roles in London: take a look and share with your network, we love to hear from candidates with an appetite for change.

New London job openings at Vave: Pricing Actuary, London UK https://lnkd.in/eQA8YJbX Underwriting Product Manager, London UK https://lnkd.in/eACvbqsV Reporting and MI Analyst, London UK https://lnkd.in/eprndTvF Operations Analyst, London UK https://lnkd.in/ez_kRZCX

We're growing! Thrilled to bring this new role to market - Vave is hiring for a Chief Financial Officer to join our Group management team and board of Directors. The role will be remote, based in the US. I'm keen to speak to people with a track record of creative financial leadership within the MGA / Surplus Lines arena. Full details in link. https://lnkd.in/e2TFnT7K

We have just launched the Vave website! Visit it here https://vavemga.com/

In your role, do you want to understand: 💡 The dominant sources of uncertainty in flood hazard maps? 💡 The tools and techniques needed for understanding uncertainty? 💡 Practical ways of managing uncertainty? 💡 Or, ways of increasing confidence in underlying data and models? Then register to join our webinar on February 20, 2024. https://lnkd.in/evw7EJBa Featuring a panel of experts in risk management: — Dr Tom Philp Maximum Information — Rob Porter, Vave — Dr Oliver Wing, Fathom — Dr Matthew Jones, Fathom Register now to secure your place. If you're unable to make this session, please register to receive a copy of the webinar on demand. #webinar #uncertainty #floodrisk #floodmodeling

At Akur8, we are proud to have teamed up with algorithmic underwriting MGA Vave for over two years now to enhance their pricing process. 💡 Vave is an MGA underwriting Surplus Lines US Property, combining science, data, and precision underwriting to insure high-volume risk. Choosing Akur8’s best-in-class solution enabled Vave to bring added value to their customers, offering more accurate and targeted prices, with the ability to adapt that pricing much more rapidly. This is key in highly competitive environments. Vave is setting the example as an innovative insurance underwriter striving to ever better meet their customers’ needs. 🚀 Thank you Marek Shafer, Managing Director at Canopius Group, Rob Porter, Product Director at Vave, and the entire Canopius Vave team for your trust! 🙏 #insurtech #insurance #transparentAI #ethicalAI #actuaries #SaaSforinsurance #predictivemodeling

The NFIP's Risk Rating 2.0 better aligns pricing to property risk — creating more opportunities for the private flood market to grow and more options for customers to choose from, all of which are good for the market.   Leveraging a proprietary underwriting recipe, Vave has offered a standalone flood product since May 2019 and recently launched a new Flood Excess product that complements the NFIP by offering coverage beyond its limits. We're encouraged by this new NFIP program and are proud to be part of this industry growth story. #VaveViews #underwritingwithdata #data #underwriting #propertyrisk #floodinsurance #privateflood #insurance #insurancecoverage