Launch of the Poseidon Principles
Comment from Brian MacInnes, Chief Analytics Officer and James Whitlam, Data Strategist, Marine. “The introduction of the Poseidon Principles for Marine Insurance has heralded a significant step forward in addressing the issue of climate change. We recognise the important contribution the entire industry needs to make in enabling a standardised methodology for measuring decarbonisation efforts across the sector. […]
How technology improves submissions management in insurance
This article outlines how technology is being used to enhance the consideration and processing of risk by marine insurers. The benefits of applying this technology include: Increased capacity of underwriting teams through faster risk assessment Better placement and prioritisation of risk within an organisation On-going visibility of portfolio health and how underwriting decisions align with […]
Top 10 moments of 2021!
As we say goodbye to 2021 and move forward into the new year we’d like to reflect on some of our most exciting moments of 2021. It’s hard to squeeze just 10 moments into our list as this year has been momentous for Concirrus: we expanded into new regions, new talented faces joined the team and […]
10 lessons on diversity, equity and inclusion
In September 2020 we introduced the Concirrus Diversity Network, an initiative to provide our team with a safe platform to discuss diversity, equity, and inclusion. Since then, we’ve had monthly meetups to listen to each other, educate ourselves, and celebrate our differences. Following an intense and unprecedented two years, the conversation around DE&I has been on […]
How IoT helps brokers win new business
Brokers are successful when they have a complete understanding of both their clients business and insurers appetite. Those with more insight are better equipped to match the right client with the right insurer. The wealth of data IoT provides improves the profiling of vessels, fleets, and organisations globally. Brokers with access to these profiles can […]
Design thinking Q&A with Tom Solman
We talk to Lead UX Designer, Tom Solman as he discusses design thinking, biases in product design, confidence, and how Quest has evolved. What does design thinking mean to you? For me, design thinking is an extremely collaborative way of working that focuses on solving market and client problems. It’s viewed as a type of culture, or way of […]
Submissions and the data behind writing risk
Modern working arrangements have accelerated the move to digital submissions. Triaging digital submissions manually leads to multiple inefficiencies and high opportunity costs. Concirrus’ submissions module can help manage digital submissions by automating data ingestion, validation, and risk assessment in minutes. By doing so, it helps tackle a high-volume of business proposals accurately and place business effectively. Gain a holistic […]
Predictive Analytics: easily identify the cause of risk
Predictive analytics is increasingly being adopted by the market to derive a risk score and expected loss value when assessing new business and renewals. When Quest Marine provides these values, it also provides influential factors, which outline the overall influence of each source of risk relevant to the vessel. These were often grouped into positive and negative factors. Listening to customer […]
International Women in Engineering Day: addressing the career break penalty
Today is International Women in Engineering Day. A day celebrating the achievements of women in engineering while raising their profile and encouraging young girls into STEM careers. Here at Concirrus, we are proud that our talented Engineering team is made up of many female Engineers who help build, innovate and improve our products. The engineering skills shortage and underrepresentation of women within engineering fields is highlighted in recent stats that suggest […]
Introducing our new company values
Company values are the ‘beliefs, philosophies, and principles that drive a business.’ Having values that reflect who you are and who you strive to be is extremely important to the success of any company and brand. If chosen and implemented correctly company values can help shape the vision of a company, retain and build great […]