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Concirrus - Property and Casualty Operation Transformation

Vendor Analysis

by NelsonHall Analyst

published on Mar 08, 2022

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Report Overview:

This NelsonHall vendor assessment analyzes Concirrus's offerings and capabilities in property and casualty services.

Who is this Report for:

NelsonHall’s property and casualty operation transformation profile on Concirrus is a comprehensive assessment of Concirrus’ offerings and capabilities, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of digital services and property and casualty operation transformation services and identifying vendor suitability for RFPs
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
  • Financial analysts and investors specializing in the property and casualty operation transformation sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of Concirrus’ property and casualty transformation services offerings and capabilities, and market and financial strengths, including:

  • Identification of the company’s strategy, emphasis, and new developments
  • Analysis of the company’s strengths, weaknesses, and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and key service components
  • Analysis of the company’s delivery organization, including the location of delivery locations. 

Key Findings & Highlights:

Concirrus offers advanced analytics and AI capabilities to property and casualty insurers in new business setup and underwriting, customer service, broker management, claims administration, and IoT device integration through the modular Concirrus Behavioural Insurance Platform. Concirrus develops agnostic solutions and platforms to facilitate implementations and tailored design for clients in new segments within the insurance industry. The service and solution offerings developed from client engagement experience in the commercial and marine space will be packaged and tailored for property and casualty insurers into a new platform, Quest Property. Concirrus employs its core analytics and AI capabilities to transform carriers' operations and mitigate risks utilizing their existing data sources.

Concirrus offers their solutions as the UI or integrating with their existing systems.

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