Insurwave & Osprey unite to transform aviation risk insights
London-based insurtech firm Insurwave has announced a strategic partnership with aviation risk management specialist Osprey Flight Solutions, where they aim to deliver both integrated and actionable risk insights to the aviation insurance sector.
The collaboration, announced on 2 May, will incorporate Osprey's aviation risk data into Insurwave's platform, offering insurance professionals—from underwriters to brokers and risk managers—a unified view of aviation security risks, exposure data, and advanced visualisation tools.
"In today's dynamic aviation landscape, staying ahead of risks is critical," said Richard Archer, Chief Strategy Officer at Insurwave. "Our partnership with Osprey Flight Solutions underscores our commitment to equipping insurance professionals with tools that provide unparalleled accuracy and efficiency in assessing and managing risk. Together, we're setting new benchmarks for the aviation insurance market."
The integration is designed to support quicker, data-driven decision-making in a sector increasingly affected by complex risks, including geopolitical tensions, regulatory instability and incidents involving misidentification of aircraft in conflict zones.
Andrew Nicholson, Chief Executive Officer at Osprey Flight Solutions, said: "This partnership represents a significant step forward in aviation risk management. By combining Osprey's ability to deliver precise, actionable aviation risk data with Insurwave's industry-leading insurance platform, we are creating a game-changing capability.
"Together, we empower our clients to navigate the ever-evolving array of aviation security risks with confidence, clarity, and efficiency, enhancing the safety and security of global flight operations."
The companies highlighted that the partnership directly addresses pressing challenges faced by the aviation industry. Among these are the increasing number of operational threats in conflict zones and the regulatory volatility surrounding flight paths, which demand real-time, high-fidelity data to support underwriting and exposure decisions.
Recent case studies, including analyses of incidents in Russian airspace, were cited in the announcement as examples of where accurate, timely data was critical to managing risk.
The new integration is expected to reduce response times and provide insurance stakeholders with improved situational awareness.
The Insurwave platform currently provides exposure and data management capabilities across the specialty insurance market. With the addition of Osprey's aviation insights, users will now benefit from a centralised solution which has been designed to modernise how aviation risks are visualised and evaluated.
Both companies are positioning this partnership as a model for how technology and risk intelligence can work together to advance industry standards in specialty insurance.
The platform enhancement is now available to Insurwave users, with both firms signalling ongoing collaboration to expand capabilities in line with evolving aviation and geopolitical risks.
Would you like help pitching this article to an outlet or formatting it for print?
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NZ Herald
6 hours ago
- NZ Herald
Russian energy giant Rosatom to build Kazakhstan's first nuclear plant near Balkhash Lake
An aerial view shows the village of Ulken (foreground) and the proposed nuclear power plant site near in the village of Ulken, located on the shores of Lake Balkhash, about 400 kilometres north of Almaty, on September 22, 2024, the place where the first country's nuclear power plant is planned to be built. Photo / AFP Russian nuclear energy giant Rosatom will lead the construction of the first atomic power plant in Kazakhstan, the world's top uranium producer, the Central Asian country's authorities said on Saturday. 'Rosatom has been named as the leader of the international consortium for the construction of the first nuclear power plant
Scoop
8 hours ago
- Scoop
ERA Releases Recommendations To Settle Te Roopu Taurima Dispute Due To Public Interest
Press Release – PSA The PSA welcomes the Employment Relations Authority (ERA) making public its recommendations for settling a Collective Agreement with workers employed by disability support provider Te Roopu Taurima o Manukau. The recommendations, made after four days of hearings with an independent ERA Facilitator involving Te Roopu Taurima and the PSA representing 38 workers, had been confidential. However, the ERA has now released them as they are a matter of public interest, said Public Service Association Te Pūkenga Here Tikanga Mahi National Secretary Fleur Fitzsimons. The trust was seeking to unduly restrict secondary employment that many of the underpaid workers rely on, and to impose a 90-day trial period for new workers into the Collective Agreement. The ERA recommendations include reference to the current salary for kaitaataki (leaders in the houses providing residential disability support) not having increased for two years. It recommends an increase from $70,500 to $74,000 from 31 May 2025 and an increase to $77,600 from 31 May 2026. Other recommendations include: – No 90-day trial or probationary period; – Lump sum payments of $500 and $1200 over two years to reflect the bargaining period; – The payments to be made for extra hours; and – A process around secondary employment. 'The Authority has made the right call here in publicly releasing the recommendations that would settle the ongoing industrial dispute at Te Roopu Taurima. The parties are due to attend mediation in Auckland on Monday,' said Fitzsimons. 'The PSA did not get everything we wanted in the ERA recommendations but we accept the work of the ERA and are confident the recommendations will settle the dispute. 'The recommendations from the ERA come after an ongoing industrial dispute that has involved strikes, a lockout, which the union is contesting in the Employment Court, a threatened suspension as well as the four days spent with the independent ERA facilitator. Te Roopu Taurima Te Roopu Taurima o Manukau Trust is the country's largest provider of kaupapa Māori-based support for people with disabilities in residential facilities in Northland, Auckland, Waikato and Canterbury. 'Kaitaataki play a critical role in the work of Te Roopu Taurima including in looking after vulnerable tangata, they want to put this dispute behind them and get on with their work. 'We call on Te Roopu Taurima to immediately accept the recommendations of the Employment Relations Authority so that this dispute is settled,' Fitzsimons said.
Scoop
11 hours ago
- Scoop
ERA Releases Recommendations To Settle Te Roopu Taurima Dispute Due To Public Interest
Press Release – PSA The ERA recommendations include reference to the current salary for kaitaataki (leaders in the houses providing residential disability support) not having increased for two years. It recommends an increase from $70,500 to $74,000 from 31 May 2025 and … The PSA welcomes the Employment Relations Authority (ERA) making public its recommendations for settling a Collective Agreement with workers employed by disability support provider Te Roopu Taurima o Manukau. The recommendations, made after four days of hearings with an independent ERA Facilitator involving Te Roopu Taurima and the PSA representing 38 workers, had been confidential. However, the ERA has now released them as they are a matter of public interest, said Public Service Association Te Pūkenga Here Tikanga Mahi National Secretary Fleur Fitzsimons. The trust was seeking to unduly restrict secondary employment that many of the underpaid workers rely on, and to impose a 90-day trial period for new workers into the Collective Agreement. The ERA recommendations include reference to the current salary for kaitaataki (leaders in the houses providing residential disability support) not having increased for two years. It recommends an increase from $70,500 to $74,000 from 31 May 2025 and an increase to $77,600 from 31 May 2026. Other recommendations include: – No 90-day trial or probationary period; – Lump sum payments of $500 and $1200 over two years to reflect the bargaining period; – The payments to be made for extra hours; and – A process around secondary employment. 'The Authority has made the right call here in publicly releasing the recommendations that would settle the ongoing industrial dispute at Te Roopu Taurima. The parties are due to attend mediation in Auckland on Monday,' said Fitzsimons. 'The PSA did not get everything we wanted in the ERA recommendations but we accept the work of the ERA and are confident the recommendations will settle the dispute. 'The recommendations from the ERA come after an ongoing industrial dispute that has involved strikes, a lockout, which the union is contesting in the Employment Court, a threatened suspension as well as the four days spent with the independent ERA facilitator. Te Roopu Taurima Te Roopu Taurima o Manukau Trust is the country's largest provider of kaupapa Māori-based support for people with disabilities in residential facilities in Northland, Auckland, Waikato and Canterbury. 'Kaitaataki play a critical role in the work of Te Roopu Taurima including in looking after vulnerable tangata, they want to put this dispute behind them and get on with their work. 'We call on Te Roopu Taurima to immediately accept the recommendations of the Employment Relations Authority so that this dispute is settled,' Fitzsimons said.
