#USA #New York #Concirrus #AI Implementation #Applied Aviation

Concirrus and Applied Aviation Awarded AI Implementation of the Year

In a remarkable achievement for the insurance sector, Concirrus, an innovative AI underwriting platform, has been awarded the prestigious title of "AI Implementation of the Year" at the 2025 US Insurance Awards. This accolade highlights the transformative collaboration between Concirrus and Applied Aviation, a rapidly expanding insurer within the North American aviation industry.

Revolutionizing Underwriting Processes

Applied Aviation aimed to revamp its traditionally tedious and manual underwriting procedures. By adopting Concirrus' aviation-focused Large Language Model (LLM), the company significantly improved how it assesses and prices aviation-related risks. This groundbreaking technology allows for rapid comprehension of broker submissions, slashing analysis times from 36 hours to under five minutes.

Key Achievements Include:

• - Drastically Reduced Processing Time: The underwriting process now takes less than five minutes per risk instead of the previous 36 hours.
• - Seamless AI Integration: The LLM has been effectively integrated into existing workflows, enabling underwriters to concentrate on strategic decision-making rather than data entry.
• - Enhanced Risk Management: Automated triaging and pricing of risks contribute to improved consistency and regulatory compliance, alongside expedited broker feedback.
• - Significant Business Growth: Applied Aviation has seen its gross written premium more than double without a proportional increase in personnel, a testament to the efficiency of AI-driven processes.

Stakeholder Insights

Steven Allen, President of Applied Aviation, expressed his enthusiasm regarding the partnership, stating, "This collaboration with Concirrus and the deployment of their aviation solution has completely transformed our operations. It makes us more agile in responding to brokers and clients, improves our regulatory compliance, ensures consistency in underwriting, and allows our team to focus on critical areas like risk assessment and service."

The successful execution of this implementation serves as a compelling example of how AI can enhance efficiency, scalability, and service within complex specialized lines of insurance. Furthermore, the Concirrus and Applied Aviation case is seen as a template for how artificial intelligence can reshape underwriting while maintaining the integrity of existing workflows.

Concirrus CEO Andy Yeoman remarked, "This recognition at one of the most significant events in US insurance reinforces the tangible and measurable impact of AI designed with deep industry understanding. It illustrates our approach of empowering, rather than replacing, underwriters' expertise."

About Concirrus

Concirrus is at the forefront of delivering innovative technology solutions for specialty and commercial insurance, transforming complex underwriting scenarios into AI-driven decisions. Their platform, tailored for automation and real-time portfolio management, aids insurers in speeding up quotes, intelligently selecting risks, and building profitable business portfolios.

The solutions offered extend across a diverse array of specialty lines, including property, aviation, transportation, marine, surety, and political violence terrorism (PVT). Concirrus is trusted by leading insurers worldwide, making significant strides in automating and enhancing the underwriter's decision-making process.

For more information on Concirrus' AI solutions for specialty underwriting, visit concirrus.ai.


Video content showcasing their achievements can be viewed here.