Vave is using innovative technology to bring precision underwriting to the US Excess & Surplus property insurance market.
About Us
Vave is a Managing General Agent (MGA) that combines science, data, and precision underwriting to insure high-volume risk.
Vave’s suite of white-labelled API services produce instant bindable quotes, allowing agents to access products electronically, and bind and service them in real time.
After developing its proprietary technology Vave began trading in 2019, with the support of Canopius Group, and is now quoting on more than 10,000 risks per day.
Why use Vave?
Vave takes a data-first approach to underwriting, bringing automation, efficiency and scale to a core suite of dynamic products that fit policyholder needs. Only a digital-first underwriting solution can satisfy growing demand and complexity in the US E&S market.
Precise
Complex, real-time data sets and advanced analytics are used to paint a detailed picture of risk.
Adaptable
Using feedback from live data, Vave adapts to dynamic market conditions to provide accurate real-time quotes.
Transparent
Algorithmic underwriting offers complete transparency to stakeholders, from the point of sale through to the supporting capital.
Efficient
Vave’s automated process keeps the transactional cost low.
Automated
Vave’s algorithm produces real-time quotes and products that can be accessed digitally.
Multi-Disciplinary
Vave is led by an expert team of risk modelers, technologists, and underwriters.
The stats speak for themselves
We’re big believers in data – and in transparency. Our stats tell the story of our insurance innovation success.
What happens when technology is used to paint a detailed picture of risk? You get precision underwriting and superior risk selection that efficiently and effectively meet market needs.
US Commercial Property
- ISO Basic and Special form with comprehensive optional endorsements
- Core occupancies: habitational, mercantile, offices and warehouses
- Maximum Location Total Insurable Value: $3m
- Maximum Policy Limit: $5m
- Earthquake and flood endorsements available
US Homeowners Property
- Maximum Total Insurable Value: $3m
- Primary, secondary and seasonal homes
- Named storm, all wind and ex-wind options available
- Earthquake and flood endorsements available
- Credits for newer, well-maintained properties
US Flood
Vave provides competitive cover for primary and excess homeowners and small commercial properties, in FEMA’s A, B, C and X flood zone delegations, across the United States.
Primary:
- NFIP+ matchup
- Max coverage A of $1.5m
- Max building limit of $750k
Excess:
- Max coverage A of $8m
- Max building limit of $4m
- Minimum excess of NFIP limits
