Concirrus, the marine analytics insurtech company, has agreed to work with TransRe, the global reinsurer, to jointly develop innovative data-driven reinsurance programmes for marine insurers worldwide. The teams will use Quest Marine data and analytics software, which assesses and continuously monitors changes in marine portfolios, to develop highly customised reinsurance structures.
CEO of Concirrus, Andrew Yeoman, says:
There is inherent uncertainty when creating reinsurance programs due to a lack of definitive data about a portfolio’s aggregate risk. Quest Marine enables an insurer to have a data-driven dialog with its reinsurer, which will reduce the frictional cost of doing business together. We look forward to working with TransRe to offer compelling marine solutions to our joint customers.
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