Insurwave Scales to 500K+ Assets and Expands Industry Reach with Plain Concepts
Insurwave, a pioneering company in the InsurTech space, continues to transform maritime, aviation, and property insurance through AI-driven risk assessment and real-time premium adjustment capabilities. As the company expanded into new sectors, ensuring seamless scalability and peak performance became essential to support rapidly growing operational demands.
To achieve this, Insurwave sought a trusted partner capable of strengthening its platform, enhancing automation, and providing the scalability required for long-term growth. Plain Concepts was selected for its deep expertise in building high-performance, cloud-native solutions. Across multiple strategic initiatives, Plain Concepts enhanced Insurwave’s technology architecture, modernized workflows, and implemented advanced automation to fuel continued expansion.
As Insurwave expanded into new industries and onboarded increasingly large clients, its platform needed to scale rapidly while maintaining exceptional performance and stability.
The main challenges included:
- Scaling asset visualisation – Supporting millions of potential assets required a sophisticated and highly performant visualization layer.
- Scalability for industry expansion – Growth into aviation and property insurance demanded a robust, scalable ingestion architecture capable of handling vast amounts of complex data.
- Flexible development resources – To meet project timelines efficiently, Insurwave needed a cost-effective strategy to scale development capacity quickly without compromising quality.
Plain Concepts optimized Insurwave’s platform end-to-end, delivering enhanced operational efficiency and enabling rapid expansion across multiple insurance sectors.
Insurwave’s Journey to a Scalable, High-Performance InsurTech Platform
Insurwave is a pioneering InsurTech company transforming maritime, aviation, and property insurance with AI-driven risk assessments and real-time premium adjustments. As its customer base and use cases expanded, the platform needed to support increasing data volumes, more complex risk models, and new lines of business without compromising performance or user experience.
To sustain this growth, Insurwave looked for a trusted technology partner capable of strengthening its cloud-native architecture, enhancing automation, and scaling the solution efficiently. Plain Concepts was chosen for its strong track record in building high-performance, scalable platforms. Across several strategic initiatives, Plain Concepts helped Insurwave modernise its technology stack, streamline workflows, and prepare the platform for rapid expansion into new industries.
Plain Concepts introduced a cloud-native architecture on Microsoft Azure, optimised a .NET-based backend to handle large-scale data processing, and implemented a modern React frontend to deliver a seamless and intuitive user experience. Automated workflows enabled real-time risk assessments, premium calculations, policy issuance, and self-service interactions through a customer portal.
To support Insurwave’s expansion into aviation and property insurance, Plain Concepts also delivered an AI-driven data ingestion pipeline and a property exposure project capable of visualising more than 500,000 assets. By leveraging flexible nearshore development teams, the company was able to scale delivery capacity quickly while maintaining high quality standards and ensuring that Insurwave remained at the forefront of InsurTech innovation.
“Plain Concepts helped Insurwave scale its cloud-native platform to support over 500,000 assets, automate real-time insurance workflows, and expand across maritime, aviation, and property markets.”
Results
- Scalable platform supporting more than 500,000 assets across aviation and property insurance.
- Seamless onboarding and integration of major clients such as Maersk, improving acquisition and retention.
- Future-ready, cloud-native architecture that ensures high performance, flexibility, and long-term growth.
- Real-time automation of premium adjustments, document issuance, and self-service access, significantly increasing operational efficiency.
- Flexible nearshore teams enabling Insurwave to scale development capacity quickly while maintaining quality and innovation speed.
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