Drave Underwriting
Specialty underwriting and data analytics for insurance intermediaries in Italy
Overview
Drave Underwriting is an MGA established in Milan, Italy, that underwrites five specialty lines of business for insurance intermediaries through delegated authority from 12 national and international insurance carriers. Founded in spring 2022 by experienced insurance professionals, the company combines underwriting expertise with data analytics to provide flexible coverage solutions.
The company holds capacity agreements with major international carriers including Lloyd's of London, Sompo, Msig, Berkshire Hathaway, and AXA XL. Across five lines -- aviation, accident and health, casualty, financial lines, and weather and contingency -- Drave offers more than 15 insurance products distributed exclusively through Italian insurance brokers and agents.
Drave is building a proprietary technology platform incorporating data analysis, network security, and AI tools designed to support underwriters in service delivery. The company is registered in the Italian RUI (Registro Unico degli Intermediari) as A000693459, with operations launched in October 2021 and full underwriting activity beginning in 2022.
Products & Services
Aviation
Coverage for ultra-light aircraft, drone operations, and aviation product liability.
Key Features
- Ultra-light aircraft insurance
- Drone (UAV) insurance
- Product liability for aviation-related products
Target Users: Aviation operators and manufacturers in Italy
Distribution: Insurance intermediaries
Accident and Health
Collective and individual accident coverage, with specialized plans for entertainment sector productions.
Key Features
- Collective accident insurance
- Individual accident insurance
- Entertainment production coverage (cinema, documentaries, television series)
Target Users: Employers, groups, and entertainment production companies
Distribution: Insurance intermediaries
Casualty
Third-party liability and specialty casualty policies for business risks.
Key Features
- Third-party operators liability (RCTOP)
- Event liability
- Pollution coverage
- Food contamination insurance
Target Users: Italian businesses and event organizers
Distribution: Insurance intermediaries
Financial Lines
Management and professional liability coverage for corporate risks.
Key Features
- Directors and Officers (D&O) liability
- Professional indemnity
Target Users: Corporations and professional service firms
Distribution: Insurance intermediaries
Weather and Contingency
Cancellation and contingency coverage for weather-dependent and contractual risks.
Key Features
- Event cancellation insurance
- Contractual bonus coverage
- Weather contingency insurance
Target Users: Event organizers and businesses with weather-sensitive operations
Distribution: Insurance intermediaries