Concirrus

www.concirrus.com

Initial Investment

2018

Sector

Insur-tech

Concirrus provides dynamic real-time data analytics and predictive models to enable the commercial insurance market to segment, select, price and manage risk more effectively.

Concirrus is the creator of Quest, a software platform developed with, used and trusted by insureds, insurers, reinsurers and brokers around the world. Quest delivers unparalleled benefits to customers:

  • Loss ratios improvement using accurate pricing and analytics
  • Creation of new data-driven insurance products, driving premium growth
  • Reduction of customer acquisition cost and expense ratios
  • Improving information transfer, structuring, and transparency across value chain
  • Active risk management models to reduce the frequency and severity of losses
  • Manage the accumulation of risk and enhance portfolio optimisation for re-insurers

Clients include some of the most respected global market leaders, including Beazley, Hiscox, Marsh, Willis Re, Skuld, Chaucer, Sedgwick, Sopp + Sopp, Loadsure and North P&I.

IQ Capital has invested in Concirrus in Series A in 2018 and followed through to Series B in 2020.