Concirrus Launches AI-Powered Platform to Revolutionize Property Insurance Subscription
Concirrus has announced the launch of Concirrus Property, an AI-driven platform designed to dramatically accelerate and improve the subscription process for complex commercial property risks. The platform addresses the traditionally manual and repetitive nature of IARD insurance and specialized insurance subscription,which often burdens subscribers with tedious work despite recent attempts at data recovery.
Unlike existing solutions that still require manual input for essential fields, Concirrus Property “reverses” the subscription process, delivering fully enriched data in seconds. This allows subscribers to quickly establish quotes, generate more business, and make more informed risk assessments.
“The technology is not there to replace the subscribers, it is indeed there to remove the operational load,” explains Vinod Singh, President of Concirrus. he highlights the challenges of processing large, complex data tables and accurately geocoding addresses, areas where many current solutions struggle. “Conquirrus obtains correct results in a few seconds, offering subscribers the speed, visibility and precision necessary to win more contracts and manage their account books with confidence.”
Early adopters of concirrus Property have already experienced meaningful improvements, reducing request processing times from hours or days to just minutes – a reported 98% faster turnaround from request to quote. The platform eliminates manual re-entry, provides real-time visibility into exposures before quote creation, and improves quote-engagement ratios, enabling teams to scale without increasing costs or headcount.Matthew Twist, Income Director at Concirrus, emphasizes the platform’s core benefit: “by offering subscribers reliable facts at the time of pricing, we allow them to do what they do best, namely to subscribe more business, constitute stronger portfolios and make more judicious risk decisions.”
Concirrus Property is specifically designed for companies underwriting complex commercial property risks, including commercial real estate, high-value portfolios, residential and industrial properties, manufacturers’ risks, vacant properties, and areas prone to disasters.
Concirrus provides technology for specialized and commercial insurance,transforming complex subscription into AI-ordered decisions. Their platform focuses on automation, data-driven decision-making, and real-time portfolio management, helping insurers quote faster and select risks intelligently. Beyond property, Concirrus solutions cover goods, aviation, transport, cautions, construction, and political violence and terrorism (VP&T). The company is recognized by leading insurers globally.
More information about Concirrus Property can be found at www.concirrus.ai/property.