Concirrus launches new aviation solution
London-based insurtech Concirrus has launched a new general aviation solution addressing increasing regulatory demands and complexity in the underwriting processes.
Quest Aviation aims to cut submission time, allowing underwriters to focus on risk assessment and portfolio optimisation activities. The company claims the solution offers underwriting productivity improvements of over 400%.
The Concirrus submission solution automates manual risk entry and leverages advanced data analytics, AI to improve accuracy and risk assessment, and automatically files attachments to create detailed risk records. Through real-time data, the platform enables aviation underwriters to make decisions, identify emerging risks, and mitigate losses.
Andy Yeoman, chief executive officer at Concirrus commented: “We recognise the critical importance of efficiency in underwriting and aviation is no exception. Quest Aviation is a game-changer, enabling aviation underwriters to achieve unprecedented levels of efficiency and effectiveness and we’ve seen the product have an immediate impact with customers.
“When combined with our wider roadmap, which includes pricing, compliance, aggregation and portfolio capabilities, we believe that our one-stop-shop solution becomes a compelling offering for the market.”
Steven Allen, president at Applied Aviation, said: “We are thrilled to be using Concirrus' innovative platform to streamline our underwriting processes. This technology has already proven to be invaluable in enhancing our efficiency and accuracy, allowing us to better serve our clients and stay ahead of the competition.”
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