Write more risks with less risk . Concirrus take a fresh approach to solving the challenges faced by the insurance industry. Our Quest products access and interpret large sets of static demographic and dynamic behaviour-based data sets, and combine these with historical claims information to reveal the behaviours that correlate to claims.
Quest Marine accesses and interprets large sets of data, such as vessel statistics, movements, local weather, machinery information and traditional demographic data, and combines this with historical claims information to reveal the behaviours that correlate to claims. Using machine learning algorithms, Quest Marine delivers insights and new rating factors that simply did not exist before.
Using this information, Insurers, Re Insurers, Brokers and P&I clubs can segment and optimise their existing portfolio, identify new sources of risk and opportunity and offer connected marine policies to differentiate their offering.