American firm IncubEx has acquired insurtech platform Insurwave to offer environmental and sustainability products and technology solutions to the corporate risk and insurance markets.

The financial value of the deal has not been revealed.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Insurwave’s platform connects insurance buyers, brokers and insurance firms enabling placement and servicing of speciality insurance cover.

Since its inception in 2018, Insurwave has focused on the global marine market. It was founded by EY’s wholly-owned subsidiary Shackleton.

As part of IncubEx, Insurwave plans to expand across other major markets and new lines of business such as property, liability, and energy.

IncubEx chairman Neil Eckert said: “Our view is that insurance and climate risk are becoming inextricably linked. The sector will continue to see expanding opportunities as a result of climate change with increasingly complex supply chain risks in the corporate and captive markets.

“Our clients will need solutions to manage their transition to net-zero across insurance and financial markets and it is critical that we provide the technology to focus on connecting them with brokers and the markets.”

IncubEx develops and designs financial products for global environmental, climate risk and related commodity markets.

Its product and services are aimed at promoting price discovery and transparency, access to markets and data and transactional efficiencies.

Insurwave CEO David Power said: “Large scale insurance buyers are demanding technology that provides a simple and transparent solution for understanding their exposures and connecting with their insurance markets.

“Clients require platforms that openly integrate with internal systems and external data. We are excited to see a genuine transformation for insurance buyers, brokers and insurers by embracing the Insurwave platform that connects to their exposures, contracts and markets today.”