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Insurwave faucets new industrial director

Insurwave faucets new industrial director | Insurance coverage Enterprise America

New chief will concentrate on the aviation sector

Insurwave taps new commercial director



Insurtech platform Insurwave has introduced the appointment of Mark Costin as industrial director.

In his new position, Costin will likely be based mostly in London and can lead Insurwave’s engagement with world companies which have intricate threat publicity, with a selected concentrate on the aviation sector, in addition to the broader insurer and dealer neighborhood that helps them.

Costin has greater than three a long time of aviation insurance coverage expertise. Beforehand, he served as a accomplice and co-founder of Piiq Danger Companions, a brokerage that focuses on offering threat administration and switch options to massive aviation corporations. He additionally held the place of CEO of Marsh’s world aviation enterprise and has held varied management roles at each Marsh and Willis Aviation.

Insurwave, launched in 2017, offers insurance coverage patrons with a platform that consolidates and visualizes their threat information, empowering them to make knowledgeable switch choices. UK-based Insurwave was acquired by Chicago-headquartered IncubEx in 2021.

The corporate’s software-as-a-service platform allows real-time assortment and aggregation of knowledge on threat property, permitting corporates to achieve a greater understanding of their threat publicity and proactively handle their insurance coverage applications. Moreover, it equips them to reply swiftly and decisively to world occasions.

“I imagine the insurance coverage trade is lastly at a tipping level when it comes to know-how adoption, and see a powerful want from purchasers, in aviation and elsewhere, to leverage information and know-how to make their lives simpler and allow higher enterprise outcomes,” Corstin stated. “I’ve all the time been enthusiastic about serving to result in change and I’m excited to have interaction purchasers with the Insurwave platform and present them what a step-change this may be.”

“We’re delighted Mark has agreed to come back on board,” stated David Energy, CEO of Insurwave. “Aviation is a key sector for us, and once we labored with Mark client-side he was an actual supporter and advocate for the platform, so he was a pure selection for us as we proceed to spend money on the expansion of our enterprise. We’ll profit from Mark’s expertise and experience throughout the complete breadth of the corporate, from product design to consumer engagement, and he’ll undoubtedly assist strengthen {our relationships} with the aviation market and past.”

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