WAX offers a mobile app that lets owners of watches, jewelry, fine art, trading cards and similar high‑value collectibles obtain insurance coverage through photo capture and brief item data entry, generating personalized quotes within 24 hours. The platform aggregates multiple items into a single, adjustable policy underwritten by a top insurer and provides in‑app concierge support for quoting and policy changes. All data are encrypted and stored securely.
Funding
Funding not disclosed
Founders
Product
Problem
Collectors of high‑value items such as watches, jewelry, fine art, and trading cards face a fragmented insurance landscape that requires extensive paperwork, formal appraisals, and multiple policies, making coverage slow, costly, and difficult to manage.
Solution
WAX delivers a mobile‑first insurance platform that digitizes the entire underwriting workflow. Users capture a few photos of each piece, answer brief item‑specific questions, and receive a personalized quote within a day, all without needing a traditional appraisal. The platform consolidates diverse collectibles into a single, customizable policy underwritten by a top‑tier insurer, providing protection against market‑value volatility. An in‑app concierge team offers live assistance throughout the quoting and policy‑maintenance process, ensuring a responsive, customer‑centric experience. All data are encrypted and stored securely, and policy changes can be made instantly through the app.
Target Audience
The service targets high‑net‑worth collectors and enthusiasts who own watches, jewelry, fine art, trading cards, and similar luxury assets, as well as insurance brokers who serve this clientele and need a streamlined solution for bespoke coverage.
Features
- Intuitive iOS/Android app that guides users through photo capture and item data entry for rapid onboarding
- Automated underwriting engine that generates quotes in under 24 hours using image analysis and market pricing data
- Single, flexible policy that aggregates watches, jewelry, fine art, trading cards, and other collectibles under one contract
- Real‑time policy management allowing users to add, remove, or adjust coverage for individual items on demand
- Dedicated concierge support team accessible via chat or video call for personalized guidance and issue resolution
- Protection against market‑value fluctuations, with coverage limits aligned to current resale valuations
- Integration with a leading underwriter (e.g., Chubb) to provide robust, industry‑standard risk assessment and claims handling
- End‑to‑end encryption and compliance with data‑privacy standards to safeguard sensitive asset information