#London #United Kingdom #Insurtech #Concirrus #AI Underwriting

Concirrus Ranks High in Innovation

In an exciting development for Concirrus, the company has achieved the impressive milestone of being ranked 13th in BusinessCloud's prestigious InsurTech 50 for 2025. This annual list showcases the most innovative companies in the insurance technology sector and Concirrus earned its spot among these industry leaders through its cutting-edge AI-driven underwriting technology.

Embracing Innovation in Insurance

The InsurTech 50 rankings celebrate organizations that are leveraging technology to revolutionize insurance operations, products, and customer experiences. The list for 2025 was determined based on a combination of reader votes and deliberations from an expert panel, which included luminaries from Innovate Finance, Insurtech UK, and KPMG UK.

Concirrus has gained recognition specifically for its AI-first underwriting platform that enhances operational efficiency and decision-making for insurers. This platform allows insurance professionals to move swiftly from submission to quoting, significantly reducing the time spent in traditional underwriting processes.

The Power of the Underwriting Workbench

The Concirrus Underwriting Workbench stands out in its ability to unify various AI models to manage and assess risk effectively. Vinod Singh, President and CTO at Concirrus, explains the intricate workings behind their technology: “As specialty insurance becomes increasingly complex, the key is turning unstructured data into structured intelligence.” This innovation is vital, as it incorporates architectural considerations in addition to AI, setting it apart from other platforms in the market.

Moreover, the Underwriting Workbench enhances the underwriting process by:

• - Speeding up submission processing by up to 90%
• - Reducing manual portfolio review time by 70%
• - Providing real-time exposure visibility across risks

These capabilities empower underwriters to make informed decisions quickly, enabling them to focus on more strategic tasks rather than getting bogged down by data management.

Acknowledgment of Excellence

Andy Yeoman, CEO of Concirrus, expressed pride in the company's achievement, stating, “Recognition in the InsurTech 50 underscores how far AI in underwriting has come. You can't price your way out of structural inefficiency; you must rebuild your way out of it.” This recognition highlights the ongoing transformation within the specialty insurance space and reflects the company’s commitment to continuous improvement.

About Concirrus

Founded on the need for intelligent automation in insurance, Concirrus focuses on delivering technology that simplifies complex underwriting challenges. The company's offerings encompass a broad spectrum of specialty lines including property, aviation, transportation, marine, surety, construction, and political violence/terrorism insurance. Their solutions not only support faster quoting but also allow for better risk selection, creating more profitable portfolios for insurers globally.

To learn more about how Concirrus is shaping the future of specialty underwriting through AI, visit concirrus.ai.

Conclusion

Concirrus’ placement within the InsurTech 50 serves as validation of its innovative approach and the growing influence of AI in the insurance industry. As the sector continues to evolve, Concirrus stands ready to lead the charge, helping insurers navigate the complexities of modern risk through technology.