Use of the Quest Marine platform leads to greater visibility of vessel behaviour and risk allowing for improved risk mitigation for clients.
Commercial marine insurance is highly competitive, and costs are at an all-time high.
A large commercial marine insurer wanted to understand how advanced analysis of their portfolio could improve efficiency.
Quest Marine was deployed to ingest five years of policy, claims and exposure data from the customer. This data was combined with Concirrus’ proprietary datasets.
The team were able to help the client through the provision of services to:
Quest Marine provided new insights into the performance of the portfolio.
The insurer was able to make changes to the way risk was selected, priced and managed to improve their loss ratio by more than 7%.
To access real-time risk insights and continue to optimise their portfolio, clients can deploy Quest Marine software within their organisation. Quest Marine’s user-friendliness and cloud infrastructure minimise training and implementation.
Get up to speed with the latest information from the team at Concirrus, with regular guests from our customers and data partners.