This award from Gartner recognizes the innovative use of digital technology-enabled capabilities, products or services to highlight “best-in-class” financial industry initiatives launched within the past 12 months. Marsh’s Marine Insurance Innovation made it as one of the nine finalists for the Americas Region which included competitors in the Artificial Intelligence/Machine Learning domain.
This is a major recognition for Marsh Advisory Services working with our Global Marine practice and InsureTech partner, Concirrus, as it demonstrates the strength of harnessing the power of data and analytics to unlock the value for our customers, our organization and the industry.
Marsh identified a need for marine insurance to respond to technological disruptions in the industry, as it is one of the oldest forms of insurance. The company entered an exclusive partnership with InsurTech, Concirrus, to develop a digital solution for marine insurance that enables collaboration between the broker, clients and insurers. The digital ecosystem, called Quest Marine, leverages machine learning and behavioural analytics on real-time vessel movement and historical claims to identify and reduce the risks.
We would like to thank the following colleagues involved in the initiative: Nichola Hopkins, Mel Cole, Debbie Mansfield, John A Craig, Armin Samali, Hannah Ray, Ben Humpage, Adam Starling, Marcus Baker, John Drzik, Anthony Stevens, Aditi Rathi, Paul Glennon, Weihua Li, Alan Fetherston, Sarah Kebbell, Olga Iorga, Martyn Biržys, Ieshan Chandra, and Badrinath Panyam.
Gartner disclaimer:
The identification of a Gartner award winner or finalist is not an endorsement by Gartner of any company, vendor, product or service. Gartner Press Release, Gartner Announces Winners of the 2020 Gartner Eye on Innovation Award Americas, 27 October 2020
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