Concirrus was founded in 2012 by Andy Yeoman and Craig Hollingworth.
Visionary, entrepreneurial and with extensive telematics experience, Andy and Craig could see the growing application of Internet of Things (IoT) data for commercial organisations, and so founded Concirrus to help organisations harness the power of IoT.
Andy has a successful track record in telematics, big data and insurance with extensive experience of fast-growth business strategies, turnarounds, and M&A. He’s passionate about the new business models that technology can unlock for insurers and their customers. Andy loves a bit of healthy competition and is a regular competitor in the weekend Parkrun – watch out, he’s quick over 5kms!
Craig’s career to date has been one of successful entrepreneurship from the age of 19, followed by several years in senior positions with O2, France Telecom and Masternaut, pioneering the Internet of Things (IoT), mobile technology and connectivity. Craig is passionate about leadership and organisational culture and is always up for a chat and a beer in the pub downstairs (make sure to ask him about his very interesting art collection!).
This passion to leverage technology in new and impactful ways led Concirrus to focus on the insurance industry, and more specifically commercial marine and motor insurance. A potent blend of deep domain expertise and data science led to the creation of our big data and machine learning platform – Quest.
Quest, accesses and interprets wide-ranging datasets, combining them with historical claims information to reveal the behaviours that correlate to claims. The results enable insurers and brokers to more accurately quantify risk; reduce losses and boost profits. Quest also makes new, powerful and differentiated product propositions a reality.
Through our analytics work with leading London and Global insurers, we have proven that behavioural data is a better indicator of risk than traditional demographics. With every customer, we’ve delivered insights and new rating factors that simply did not exist before allowing increased profits, the ability to write more business with or without claims history, and reduced administration costs.
Find out more about Quest Marine and Quest Motor.
With series A investment under our belt, we also have a Board of Directors, Advisory Board and leadership team with decades of insurance and technology experience.
