Leuven-based insurtech start-up UnderCover extends its scope and changes its name to thewave. With its new name comes a new mission: thewave will combine its profound expertise in insurance with a deep understanding of emerging technologies. The goal is to invent, build and integrate tailored digital solutions for the insurance sector.  “Thewave does not aim to disrupt the insurance sector, it wants to help it stand strong against disruption,” says Stephan Podevyn, CEO of thewave. The company also exchanges its B-Hive membership for an Associate Partnership.

Tailored digital solutions for the insurance sector

Since October 2018, thewave, a subsidiary of insurance consultant Ensur, has been commercializing its own application for the insurance sector: UnderCover. This application runs on a unique algorithm, and allows brokers to help clients calculate to which extent their possessions are protected against different calamities.

To be able to respond to the increasing technology-related requests from clients, thewave is now expanding the scope of its activities. Moving forward, thewave will combine its profound expertise in insurance with a deep understanding of emerging technologies such as Artificial Intelligence, Cognitive Robotics, Connected Ecosystems, Reference Architecture, and Internet of Things. In doing so, thewave will help invent, build and integrate tailored digital solutions for the insurance sector.

Thewave will also focus on buying and configuring existing solutions, integrating partner solutions in client platforms and providing technical consulting, like functional analysis, architectural advice and IT project management.

Stephan Podevyn, CEO of thewave and co-founder of Ensur: “Thewave does not aim to disrupt the insurance sector we love so much. We would much rather help it stand strong against disruption.  We strongly believe that the combination of the in-depth insurance knowledge present at Ensur, combined with the expertise in new technologies provided by our partners, will be a recipe for success.”

From B-Hive member to Associate Partner

Thewave has been an active member of the B-Hive community since 2017. Given the fact that the extended scope and the technology focus have a great coherence with the mission of B-Hive, thewave now joins B-Hive as an Associate Partner.

Raf De Kimpe, Director Business Development and Ecosystem at B-Hive: “B-Hive is excited to announce the collaboration with a new partner. While thewave started as a B-Hive member within the community, they are now extending their scope and leveraging the B-Hive ecosystem to help them along the way. Their growth from member to Associate Partner will allow them to engage with the B-Hive community on the next level. We’re very excited to have them on board.”