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Dun & Bradstreet partners with Concirrus

Data and analytics provider Dun & Bradstreet is linking up with marine insurance intelligence provider Concirrus to help solve cargo aggregation and visibility

Concirrus said that the “unique partnership” would tackle “unknown port, vessel, and ultimately warehouse cargo aggregations amidst rising global trade disruptions”.

Concirrus said that the new unique data and artificial intelligence (AI)-driven solution would provide insurers with “near real-time insights into their portfolio regarding:

  • Accumulation of cargo and values onboard each vessel
  • Ownership, company linkages and counterparties involved in each journey
  • Accumulation of cargo in ports & warehouses

A dataset provided by D&B will beprocessed on the Quest Platform from Concirrus.

“By leveraging Concirrus’ state-of-the-art machine learning and AI algorithms, the joint solution with Dun & Bradstreet will transform billions of records of cargo movements into actionable insights of an insurer’s total exposure which itself can change on a daily basis. This will enable insurers to build better risk models, gain a detailed understanding of sendings, and an accurate understanding of the accumulations in their portfolio”, said Concirrus.