Thomas Webb is a Fellow of the Canadian Institute of Actuaries and Society of Actuaries. He has over 15 years of experience in insurance pricing, risk management, investments and analytics.
Thomas was raised in southern Saskatchewan and is inspired by the values of community and resilience that he grew up with. Thomas is a restless learner, and is happiest when he is activating ideas and strategy.
Weave was started in early 2021 to fill a gap in financial services for Canadians. Too often, when something breaks or needs to be replaced, people are forced to use credit cards and payday loans to finance it. What if there was a way to proactively pool and transfer this risk?
Most kinds of insurance have grown up from this exact need. Groups of people banded together to protect families, businesses and individuals from bad luck events. And in a world where so many people are barely getting by, even a "small" expense can be a major headache.
The name "Weave" comes from the way a safety net spreads out the risk and rescues people when they fall.
If you own a home, you know there are a lot of unexpected expenses that come up. From fixing a furnace to a leaky water heater, there are plenty of systems and appliances in your home that traditional home insurance doesn't cover.