UK-based software provider Concirrus has announced the release of Quest Marine 2.0, which CEO Andrew Yeoman described as “an immediate solution for Lloyd’s marine syndicates to remediate their portfolios.”
Concirrus says that Quest Marine allows an insurer, reinsurer or broker to analyze their entire historical portfolio – including existing claims and exposure data – in seconds, using software that combines customer information with Concirrus’ behavioural datasets. “With Quest you can now understand how much capital you have deployed, your exposures, and real-time risks as they emerge. Quest makes it crystal clear where profits are made and how to select risk that will dramatically improve loss-ratios”, the company said.
At a Concirrus-hosted event this week Yeoman also announced a new partnership with Greek shipping broker Seascope Hellas, which will see the first ever connected marine policy launched into the Greek market.