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Insurwave appoints Mark Costin as its Commercial Director

13th June 2023 - Author: Saumya Jain

Insurwave, the insurtech platform that helps global businesses manage complex insurance needs, has announced the appointment of Mark Costin as its Commercial Director. He will be based in London.

handshake-bwCostin is an aviation insurance industry veteran, with three decades of experience. In this role, his remit will include leading the firm’s engagement with global corporations that have complex risk exposure, with an emphasis on the aviation sector, as well as the wider insurer and broker community supporting them.

David Power, the CEO of Insurwave commented on the hire, “We’re delighted Mark has agreed to come on board. Aviation is a key sector for us, and when we worked with Mark client-side he was a real supporter and advocate for the platform, so he was a natural choice for us as we continue to invest in the growth of our business. We’ll benefit from Mark’s experience and expertise across the full breadth of the company, from product design to client engagement, and he will undoubtedly help strengthen our relationships with the aviation market and beyond.”

Costin has most recently, served as a Partner and Co-founder of Piiq Risk Partners, a brokerage that specialises in assisting large aviation companies with effective risk management and transfer solutions. Previously, he was also the CEO of Marsh’s global aviation business and has held other leadership roles there and at Willis Aviation.

Since its launch in 2017, Insurwave has been dedicated to giving insurance buyers a platform to consolidate and visualise their risk data and make smarter transfer decisions. Working with corporates like Maersk, as well as the likes of Zurich, and McGill, Insurwave has established a strong reputation in the marine, aviation, and commercial real estate sectors.

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Its SaaS platform collects and aggregates data on risk assets in real-time, enabling corporates to better understand risk exposure and, as a result, proactively manage their insurance programmes, as well as respond rapidly and decisively to global events.

Costin said, “I believe the insurance industry is finally at a tipping point in terms of technology adoption, and see a strong desire from clients, in aviation and elsewhere, to leverage data and technology to make their lives easier and enable better business outcomes. I’ve always been passionate about helping bring about change and I’m excited to engage clients with the Insurwave platform and show them what a step-change this can be.”

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