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.