Author name: concirrus

AI to Replace Civil Servants and Save £45 Billion: What Does This Mean for Insurance?

Concirrus, a leading provider of AI-driven insurance risk analytics, is pleased to announce a strategic partnership with OceanMind, a globally recognized expert in maritime compliance and emissions data.

The maritime industry stands at a pivotal moment. With the International Maritime Organization (IMO) setting its sights on net-zero emissions by 2050, the ripple effects are being felt across the shipping ecosystem – including marine insurance.

Let’s cut to the chase: loss run processing is the bottleneck slowing down specialty insurance.

Affectionately referred to by some as ‘a bit spit and sawdust’ when I joined the industry in 2000, Construction wasn’t necessarily the first line of business, I thought of as leading on digitalisation, data and technology.

Concirrus, a global leader in insurtech innovation, has introduced transformative technology that delivers an unheard-of near 100% out-of-the-box accuracy in submission ingestion combined with instant rating and quoting capabilities.