Insurtech Concirrus strikes deal with US specialty carrier, expanding NA presence
By Isha Marathe
June 13 - (The Insurer) - London insurtech Concirrus has entered an agreement with a U.S.-based specialty carrier, building on earlier deployments in North America.
The financial terms of the deal were not disclosed.
Concirrus enables carriers to cut underwriting time, and is meant to improve quote-to-bind ratios, reducing leakage and increasing premium retention.
"Our continued investment in the United States is about helping our customers deliver improved underwriting results in one of the most competitive insurance markets," said Andrew Yeoman, CEO of Concirrus.
"Specialty carriers face rising submission volumes, increasing complexity and a vendor ecosystem offering piecemeal solutions. The Concirrus platform lets them respond instantly, underwrite with greater insight, and compete at pace in one platform."
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