Rosetta Risk Management (RRM) secures investment from Howden Ventures to support transition to MGA

London, 07 December 2023 – Rosetta Risk Management (RRM), today announces that it has secured investment from Howden Ventures that will accelerate its transition to a fully tech-enabled construction insurance MGA. Currently a SaaS platform, RRM will aggregate construction risk performance data, enriching the insights necessary to drive a more sustainable development sector.

By using real-time data from construction projects, including details on building materials, construction techniques, and project timelines, RRM will be able to provide an enhanced underwriting approach as it transitions into a MGA as part of the Howden Ventures platform. Initially focused on Modern Methods of Construction (MMC) and Mass Timber (MT) in particular, insurers will be able to derive new insights that will increase insurability and reduce premiums for this high-growth sector.

Acknowledging the construction industry’s pronounced carbon intensity, this initiative is strategically positioned to play a pivotal role in curtailing the carbon footprint associated with construction projects — a sector presently responsible for 38% of global energy-related CO2 emissions.

Tom Hoad, Head of Howden Ventures, said: “We believe RRM’s innovative approach will redefine how construction insurance is underwritten. It will focus on MMC, offering efficient and tailored coverage to meet the evolving needs of construction companies and contribute to a more sustainable future.”

Naresh Dade, Managing Director and Global Practice Leader of Construction & Infrastructure Assets, Howden, added: “In collaboration with RRM, our aim is to support our clients and open up the supply of underwriting capacity by underpinning risk submissions with enriched data to better evaluate and manage risk. This investment emphasises Howden’s commitment to transforming the construction insurance landscape with a focus on sustainability.”

RRM will leverage the legislation-driven digitisation of the built environment to deliver a first-of-its-kind SaaS platform to support construction underwriting processes that are underserved today.

Philip Callow, Founder & CEO of RRM, said: “It is clear from our extensive experience in the construction insurance marketplace that our customers are using technology to reduce risk and increase productivity across the whole architecture, engineering, and construction value chain. RRM is uniquely placed to leverage this customer data for better insurance outcomes.” 

Demand for innovative solutions to risk management can be seen with MMC and MT in particular. The use of such materials is crucial to reduce emissions from our built environment. The increase in associated risks combined with a more challenging insurance market means that now is the right time for customers to leverage the data that they already hold.

RRM will use its superior data and risk monitoring derived from integrations with the existing construction technology ecosystem to:

  • Improve risk selection 
  • Predict risk issues 
  • Empower human-in-the-loop underwriting 
  • Refine the underwriting model 
  • Streamline the claims process
  • Facilitate a pre-construction path to the first year’s property insurance for Mass Timber projects by leveraging the Golden Thread principles. 

Philip Callow adds: “By securing support from Howden Ventures we can show both the power of the data our customers already hold and facilitate their path to net zero, which is a first for our industry. Working with Howden Ventures will enable us to develop our technology and accelerate our transition to a fully tech-enabled construction insurance MGA.”

About Rosetta Risk Management

Rosetta Risk Management (RRM) is a London based insurtech start-up, founded by former construction insurance broker and underwriter Philip Callow that aggregates construction risk performance data for the benefit of insurance.

For more information, please visit 

About Howden

Howden is a leading global insurance group with employee ownership at its heart. Founded in 1994, it operates in 50 countries across Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employing 15,000 people and handling $35bn of premium on behalf of clients.

For more information, please visit and


Rosetta Risk Management
Philip Callow 


Howden Corporate Communications
Cordelia Hawkings 
07857 671317

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