Dun & Bradstreet and Concirrus partner to help solve cargo aggregation and visibility challenges for (re)insurers
This unique partnership tackles unknown port, vessel, and ultimately warehouse cargo aggregations amidst rising global trade disruptions Dun & Bradstreet, a leading global provider of business decisioning data and analytics, and Concirrus, the leading provider of AI-powered marine insurance intelligence, have today announced a ground-breaking partnership to transform marine insurance globally. A pandemic, the Suez Canal […]
Driving Improvements in Insight to lead positive change
Better insights through digitalisation are the only way that the marine insurance market will achieve its goals of maximising visibility, vastly improving risk assessment capabilities and reaching full confidence levels in how business is placed. When it comes to setting standards for the future of data, ambitions are high. They must be if the market […]
Personal reflections from a week of market insight
Presenting, listening, and talking to the market at last week’s Cargo Insurance London and Marine Insurance London events brought into sharp focus the unpredictability of the market we operate in. This unpredictability is very much felt with the unfortunate incident in Baltimore which reinforces the critical importance of the Marine Insurance market. I’m commenting elsewhere […]
Rising tensions in the Red Sea and the conflict in Ukraine brings uncertainty to reinsurance risk
A reluctance of reinsurers to provide cover for risks involving maritime vessels in war-effected areas is leaving Insurance companies with the question: how do we find our way around the risks when support from reinsurers is lacking? Proactive solutions for a naval corridor The Ukrainian conflict and the tensions in the Red Sea have brought […]
Concirrus unveils ground-breaking Market Model, bringing certainty to volatile markets
Concirrus, the leading provider of AI-powered marine insurance intelligence, has announced the release of its newly updated hull market model which brings together the aggregated experience of what it believes to be, the largest pool of marine hull claims data available in the market today. Andrew Yeoman, CEO of Concirrus comments: “What sets this model […]
Why has the Cost of Claims risen in Marine Insurance?
Almost all industries have experienced the effects of rising inflation over the last two years and are bracing themselves for further cost increases. The marine insurance market is not alone in this regard; however, due to its reliance on fuel, raw materials, international accessibility, and more, it could be fair to say that marine insurance […]
Sonali Seth Celebrates 7 Years at Concirrus
This month, we celebrate an extraordinary milestone for one of our valuable members of the team, Sonali Seth, as she marks her 7th year with the business. Sonali is a perfect example of someone who ‘wears many hats’ – a phrase that barely scratches the surface of her ongoing contribution to the business. Sonali recently took […]
Concirrus bucks InsurTech trend with record-breaking 204.6% revenue increase and move into profitability
Concirrus, the leading provider of AI-powered marine insurance intelligence, has announced a landmark 204.6% increase in revenue for the year ending December 2023, moving the business into profitability in the second half of the year and marking a remarkable milestone in the company’s history. This comes in the context of a difficult 2023 for the […]
Concirrus reduces application processing time by half for Concept Special Risks
Concirrus, the leading AI insurtech helping commercial insurance clients accelerate their digital strategies, announces that it has helped Concept Special Risks, a full service Managing General Agent (MGA) in the yacht insurance business, reduce its application processing time by 50%. “Our business tends to receive a lot of hand-written applications in various formats and of varied […]
