7 years ago

Concirrus Secures £5M in Funding to Expand Insurtech Platform

  • Concirrus, a London-based insurtech company focused on the Marine and Motor Analytics market, raised £5m in equity funding

  • The round was co-led by IQ Capital and Eos Venture Partners, bringing the total raised to date to £12m

  • The company plans to use the funds to expand operations and its business reach

  • Concirrus's AI-powered insurance software platform, Quest, is used by insurers, reinsurers and brokers within global markets

  • Quest Marine and Quest Motor use AI to interpret wide-ranging datasets in real-time to reveal hidden behaviours that correlate to claims, allowing insurers to accurately quantify risk, reduce losses and boost profits.

      • ProblemFinancial Services

      "Accurately quantifying risk and uncovering new opportunities in insurance portfolios, reducing losses and boosting profits"

      Solution

      "Concirrus's artificial intelligence insurance software platform, Quest, which integrates with existing systems to analyze wide-ranging datasets in real-time, revealing hidden behaviors that correlate to claims."

      Covered on