Following the successful launch of Vave as an MGA, Canopius have created the Canopius Digital Products (CDP) team, who are at the forefront of the Group’s strategic investment in the digital transformation of our established underwriting portfolios.
Insurance is changing. Insurers and intermediaries alike are assessing how to implement new data-driven technologies to better assess risk at a granular level, build more sustainable portfolios and ultimately create more affordable insurance for policyholders around the globe.
Working in partnership with our existing underwriting teams, CDP provides the technical expertise and specialist resources to transform how we create insurance products. CDP focuses on deploying pioneering algorithmic decision-making capabilities across a broad range of existing Canopius insurance products as well as capitalising on emerging opportunities.
CDP believes automated algorithmic underwriting is a natural complement to much of the traditional insurance market business. Our goal is to combine existing underwriting expertise with new technology to allow us to provide a state-of-the-art offering to our clients and distribution partners through superior risk insight, efficiency and at scale.