A London insurance technology company that uses data and AI to help commercial insurers, starting with marine, assess and monitor risk.
Concirrus is a technology company for commercial insurance. Its software uses data and artificial intelligence to help insurers decide which risks to take on, how to price them and how to keep an eye on a whole portfolio of policies. It started in marine insurance, the cover for ships, cargo and ports, and has since added a Fleets offering within Quest and a construction insurance product launched in October 2024. Its main platform is called Quest. Its own site says its tools can process a construction submission in 90 seconds, and its aim is to help insurers reduce the cost and complexity of their operations. In 2024 it also announced a partnership with the 90 North Foundation to help protect the Arctic Ocean.
The company says it was founded on the belief that marine insurance could be transformed by the growing amount of data and newer technology. Its stated aim is to bring practical solutions to current market problems and move towards what it calls a vision of automated insurance. An earlier interview gave its tagline as "Powering the future of insurance", and a careers-site profile quotes its mission as putting advanced analytics in the hands of every insurer.
Concirrus is based in the City of London, with a careers-site profile giving an address on Cornhill, EC3. A 2024 press article described it as a London firm with a UK office and a base in New Delhi, India, where most of the engineering is done, while AI, machine learning and customer-facing work sits in the UK. Its customers include commercial and specialty insurers, and it has named Hellenic Hull Management as a partner on digitising underwriting.
The company was co-founded by Andrew Yeoman (chief executive) and Craig Hollingworth, with Vinod Singh as chief technology officer. Its own pages describe a driven, forward-looking approach and an engaged, supportive team with a commitment to research and development. A careers-site profile lists 25 days of holiday, a learning fund, regular pay reviews and stock options, and an earlier interview said the company had a policy against routine evening and weekend work. These are the company's own claims.
The people who make a company like this work include data scientists, software engineers, product specialists, people who understand underwriting and claims, and sales and customer teams. The company has said it recruits both from insurers and from analytics backgrounds, so you could join from either side. It won Best Use of AI (Service Provider) at the Insurance Times Tech and Innovation Awards in 2024, a good sign of the kind of work you would be doing.
Website: www.concirrus.ai
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