Concirrus has introduced Concirrus Property, an AI-native platform designed to transform specialty underwriting for insurers and MGAs. By automating and enriching data processes, it reduces the time from submission to quote issuance from days to minutes, enabling faster and smarter risk decisions.
Concirrus Property slashes underwriting processing time by up to 98%.
AI-driven platform delivers fully enriched datasets in seconds.
Eliminates manual rekeying, improving efficiency for underwriters.
Enhances quote-to-bind ratios and real-time exposure visibility.
Designed for complex commercial property risks like real estate and industrial assets.
Enables insurers to scale operations without increasing costs or headcount.
Traditional property and casualty (P&C) underwriting relies heavily on manual processes, burdening underwriters with repetitive tasks. While recent solutions have attempted to scrape submission data, they often fail to capture critical fields, leaving underwriters with incomplete datasets. Concirrus Property addresses this challenge by leveraging AI to deliver a fully enriched dataset in seconds, streamlining the underwriting process and enabling insurers to issue quotes faster.
Concirrus Property empowers underwriters to be first-to-quote, a critical advantage in competitive markets. Early adopters report cutting submission processing times from hours or days to minutes, achieving up to 98% faster workflows. The platform eliminates manual rekeying, provides real-time exposure visibility, and improves quote-to-bind ratios. "Technology isn't here to replace underwriters, it's here to remove the operational burden," said Vinod Singh, President of Concirrus. This efficiency allows underwriting teams to scale operations without additional costs or headcount.
The platform is purpose-built for complex commercial property risks, including commercial real estate, high-total insured value (TIV) portfolios, habitational and industrial properties, Builder’s Risk, vacant assets, and catastrophe-exposed zones. By providing trusted insights at the point of pricing, Concirrus Property enables underwriters to make smarter risk decisions and build stronger, more profitable books of business. "By giving underwriters trusted insights at the point of pricing, we free them to do what they do best, write more business, build stronger books and make smarter risk decisions," added Matthew Twist, Chief Revenue Officer at Concirrus.
Unlike other solutions that struggle with extracting schedules of values or geocoding addresses accurately, Concirrus Property delivers precise data in seconds. This capability enhances underwriters’ confidence in managing complex schedules and making informed pricing decisions, ultimately driving business growth and portfolio resilience.
Concirrus Property sets a new standard for specialty underwriting by combining AI-driven automation with real-time insights. Insurers and MGAs can now operate with greater speed, accuracy, and scalability, positioning them to thrive in a competitive landscape.
Concirrus delivers awe-inspiring technology for specialty and commercial insurance, turning complex underwriting into AI-first decisions. With a platform purpose-built for automation, data-driven decisioning and real-time portfolio management, we help insurers quote faster, select risks smarter and build more profitable books of business.
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