Denmark-based marine insurance and service provider Codan Marine has entered a multi-year contract with UK-based AI Insurtech Concirrus add the latter’s data analytics platform Quest Marine to its portfolio of analytical tools. Nordic Marine Risk Manager at Codan said that “for over ten years, we have used advanced tools to understand risks and today the newest technologies like machine learning are a part of our experience. Using Concirrus’ platform is therefore a natural step to further provide our underwriters with actionable insights and risk assessment capabilities including loss prevention, to drive informed business decisions and support shipowners.”
Concirrus CEO Andrew Yeoman said that “we are really pleased to enter this new partnership with Codan which extends our community of customers in the Marine market. We’re looking forward to working with the Codan team to help hone their underwriting process with powerful data analytics and capitalise on the new opportunities this presents.”