Solving the efficiency challenge in Construction underwriting
Underwriting technology built specifically for Construction insurance
Construction underwriters face the dual pressures of accurately assessing risk while managing the operational burdens of processing submissions.
Industry data shows that up to 40% of their time is consumed by non-value-adding tasks such as manual data entry, document handling, and administrative work.
Concirrus combine the latest in data science and technology to improve the efficiency of Construction submission ingestion, decreasing the time to quote and improving the Submission to Quote ratio.
Built specifically for Construction insurers, the Concirrus submission technology understands the nuances of Construction underwriting allowing you to drive growth, reduce risk, and stay ahead in a competitive market.
The Concirrus advantage: elevate your operations
Accelerated Submissions
Our technology streamlines the submission and assessment process, reducing the time it takes to process a Construction risk to just 90 seconds. This unprecedented speed allows underwriters to process more submissions without compromising on accuracy or thoroughness.
Submission to Quote Ratio
The Concirrus technology eliminates underwriting inefficiencies, leading to enhancement in the Submission to Quote ratio. This is due to the significantly faster and more efficient processing of submissions, empowering clients to stay ahead in a competitive market.
Unlock New Opportunities
Concirrus technology is scalable meaning that it evolves alongside your growth. Further, it has been built specifically for the Construction insurance industry meaning it works out of the box, allowing you to improve your organisations efficiency immediately.
Increased Quote
to Bind Conversion
By streamlining their submission assessment process our clients improve their submission processing time by over 400%. This unprecedented speed allows underwriters to process more submissions, win more business and increase their Quote to Bind conversion.
In my 33 years in the business and 20 years of leadership, I would tell you that Concirrus has been one of the best technology teams that I have worked with. Concirrus’ integrated AI-powered solutions in our workflow result in huge productivity gains for us.
Christopher Day - President
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Typical improvement in loss ratios
Improvement in submission processing efficiency
Data points we analyse to turn into your competitive advantage
See Quest One in action
Learn more about Quest One’s quantifiable benefits by booking a demo with one of the team today
