Concirrus, a provider of AI-centric insurance solutions, has partnered with one of Lloyd’s leading digital syndicates to redefine underwriting performance in the London Market by optimising submission processing, improving risk analytics, and providing real-time portfolio oversight.
Through this partnership, the two organisations aim to transform how complex specialty risks are evaluated and processed, reducing manual workload and enabling faster, data-driven decisions that support more profitable underwriting.
“Underwriters are under growing pressure to respond quickly and price accurately for the risk written,” said Andrew Yeoman, CEO of Concirrus. “This partnership automates the journey from inbox to underwriting decision – enabling intelligent submission handling, sharper risk selection, and portfolio-level insight, all in real time.”
The partnership focuses in three key areas to enhance the underwriting process. Firstly, submission automation streamlines operations by extracting risk data directly from its source and routing it to underwriting platforms.
This eliminated manual rekeying, significantly speeding up the quote process, Concirrus explains.
<!–
–>
Secondly, advanced analytics. Artificial intelligence (AI) and machine learning models analyse risks at the class, line, and account level, uncovering hidden correlations and stress scenarios to support better-informed underwriting decisions.
Finally, the partnership will aim to deliver robust portfolio and aggregation management capabilities. This would be achieved with the use of a custom dashboard that will offer underwriters and portfolio managers a live view of exposure levels, capital allocation, and performance metrics.
The post Concirrus partnership with Lloyd’s syndicates to redefine submission automation in specialty insurance appeared first on ReinsuranceNe.ws.