Wapp

United States · wapp.com · 7 vendors

Resilience scores

Technology vendors

Services catalogue

2 services in catalogue across 2 categories; runs on 7 sub-vendors.

Insights

Last updated 2026-07-22 · revision 2

7 direct vendors, 156 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 3/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Wapp's migration readiness is assessed as low due to a severe lack of critical information. The most significant impediment is the complete absence of data regarding its 'Internal Tech Stack' and 'Key Technologies'. Without understanding the current architecture (e.g., legacy vs. cloud-native, monolithic vs. microservices, containerization), it is impossible to accurately gauge the complexity, effort, and cost of a migration. Similarly, the 'Regulatory Environment' and 'Data Residency Requirements' are unknown, which are crucial factors that dictate compliance and architectural choices during a migration. Financial stability, including 'Revenue Concentration by Product/Geography' and 'Growth History', is also unknown, making it impossible to assess Wapp's capacity to fund a potentially costly migration. Regarding vendor relationships, if 'Total Vendors: 0' is interpreted literally, it suggests minimal to no external vendor lock-in, which would be a significant advantage for migration flexibility. However, this potential strength is heavily outweighed by the overwhelming unknowns in technology, compliance, and financial capacity. The past discontinuation of its 'Travel Insurance' product might also indicate a lack of sustained strategic direction or resources, which could hinder future migration initiatives.

Compliance

6 in-scope frameworks identified; showing 3.

SOC 2 (source) — Assessment Required

SOC 2 is a voluntary framework primarily relevant to cloud service providers and technology companies handling customer data in the US context. Wapp was a travel insurance arranger, not a cloud/SaaS provider. However, as an insurtech company that likely used digital platforms to issue and manage policies, SOC 2 could have been relevant for demonstrating security controls to partners (e.g., Howserv Limited as administrator). Risk is Low because the company has ceased operations and SOC 2 is voluntary; there is no regulatory mandate for a travel insurance arranger to hold SOC 2 certification.

Evidence: https://wapp.com

Insurance Distribution Directive — Assessment Required

The EU Insurance Distribution Directive (IDD) and its UK equivalent (implemented via FCA ICOBS rules) governed Wapp's insurance distribution activities. Since the company has ceased operations, ongoing IDD compliance is no longer required. Residual risk relates to whether wind-down was conducted in compliance with IDD/ICOBS requirements (e.g., fair treatment of customers, proper disclosure). Risk is Low as the company is no longer active.

Evidence: https://wapp.com, https://www.fca.org.uk/firms/insurance-distribution-directive

UK Financial Conduct Authority — Assessment Required

Wapp Limited passported into the UK under FCA FRN 974092 on a freedom of services basis. The FCA has conduct of business rules, consumer duty obligations, and wind-down planning requirements for regulated firms. The company's cessation of services triggers FCA notification and wind-down obligations. Risk is Medium because failure to properly notify the FCA of cessation, manage outstanding policyholder obligations, or comply with Consumer Duty wind-down requirements could result in regulatory action. The FCA has been increasingly active in enforcing wind-down compliance.

Evidence: https://wapp.com, https://register.fca.org.uk/s/firm?id=001b000000MfNWNAA3, https://www.fca.org.uk/consumers/wind-down-planning

Financials

Financial Resilience Score: 2/10

Wapp Limited is a small, Gibraltar-registered specialist travel insurance intermediary that has ceased writing new policies and is effectively in run-off. No public financial statements are available, and the business has terminated its ongoing revenue stream by discontinuing UK travel insurance sales. As an intermediary rather than a risk carrier, it did not bear underwriting balance-sheet risk, but the wind-down status is the dominant factor in any resilience assessment. The company operated under dual regulation (Gibraltar FSC and UK FCA FRN 974092), implying it met solvency and conduct requirements while active. Administration was outsourced to Howserv Limited, an established UK specialist travel-insurance administrator, which reduced operational overhead. However, the business had total concentration risk (single product, single market), was small in scale, faced post-Brexit regulatory friction for Gibraltar firms selling into the UK, and retains legacy claims-handling obligations without new revenue to offset costs.

Key strengths: Dual regulation by Gibraltar FSC and UK FCA (FRN 974092), Intermediary model — no underwriting balance-sheet risk, Administration outsourced to established specialist Howserv Limited, Differentiated niche 'first of its kind' travel insurance product

Risk factors: Business discontinued — no new policies being sold, revenue running off to zero, Total product concentration (100% travel insurance), Total geographic concentration (100% UK market), Small scale as a Gibraltar-registered intermediary, Post-Brexit regulatory friction for Gibraltar firms selling into the UK, Legacy liabilities and ongoing compliance spend without new revenue, Short operating history — FRN issued only in the early-to-mid 2020s

Revenue by geography

Revenue by product/service

Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.

View the full interactive report