5 years ago

Concirrus Secures $6 Million Investment from CommerzVentures

  • Concirrus, a leading specialty analytics insurtech company, has secured a $6 million investment from CommerzVentures

  • This follows a recent $20 million Series B funding round led by AlbionVC, with participation from existing investors IQ Capital, Eos Venture Partners, and angel investors

  • Concirrus's behavioral-based underwriting platform, Quest, delivers differentiated pricing, portfolio management, and predictive analytics, making it a category leader in the insurance value chain.

      • ProblemFinancial Services

      "Traditional insurance risk assessment methods in the marine industry are often inaccurate and inefficient, leading to poor pricing and portfolio management."

      Solution

      "Concirrus offers a behavioural-based underwriting platform called Quest that leverages AI and machine learning to provide more accurate risk assessment, differentiated pricing, and predictive analytics for the marine insurance industry."

      Covered on