Telematics-based application enablement platform

concirrus.com

Sector

ICT/Digital

Source

Other

Investment stage

Series A

Concirrus is the creator of Quest, real-time behavioural insights software for commercial marine and motor insurers. Quest helps commercial marine and motor insurers understand the behaviour of the insured asset or individual and actively manage their risks in real-time.

Quest accesses and interprets large sets of data, such as vessel statistics, movements, machinery information and driver behaviour, and combines this with an insurer’s own information to reveal the behaviours that correlate to claims.

This new way of working presents exciting opportunities for marine and motor insurance underwriters to manage the loss ratios of their risk pools, and accurately price new business with or without claims history. As a result, insurers can offer enhanced customer-centric products, reduce losses and operating costs, increase profit margins and build more collaborative relationships with their brokers and customers.

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