Codan Marine selects Concirrus’ AI platform to improve risk prediction
Codan Marine, an innovative and leading marine insurance and service provider in Denmark with offerings in all Northern Europe, has entered a multi-year contract with leading AI Insurtech, Concirrus, to improve risk insights and prediction to strengthen solutions for customers.
Codan Marine has added Concirrus’ data analytics platform, Quest Marine, to their portfolio of advanced tools. This enables them to combine aggregated and enriched marine data with proven risk models to better predict risk behaviour.
Mikkel Gardner Andersen, Nordic Marine Risk Manager at Codan explains: “For over ten years, we have used advanced tools to understand risks and today the newest technologies like machine learning are a part of our experience. Using Concirrus’ platform is therefore a natural step to further provide our underwriters with actionable insights and risk assessment capabilities including loss prevention, to drive informed business decisions and support shipowners.”
Andrew Yeoman, CEO of Concirrus says: “We are really pleased to enter this new partnership with Codan which extends our community of customers in the Marine market. We’re looking forward to working with the Codan team to help hone their underwriting process with powerful data analytics and capitalise on the new opportunities this presents.”
About Codan Marine
Codan Marine is an innovative and leading marine insurer and service provider with offices in Denmark and Norway. We focus primarily on Northern as well as European clients. Our legacy began in Copenhagen over a century ago. Today shipowners, ship managers, ship operators, yards and financial institutions benefit from their highly skilled teams situated in Copenhagen, and Bergen offering a wide range of Marine insurance products and insurance cover for ocean going vessels trading worldwide as well as smaller vessels and shipyards.
Within claims, they have extensive expertise in the fields of marine engineering, maritime law, navigation, dispute resolution and adjusting, and their services are available 24/7.
Codan Marine is a part of the second largest insurance company in Denmark, Alm. Brand Group, with a strong financial position and an 'A' rating with Fitch.
Website: Codan Marine
Concirrus was founded on a passion to harness the IoT and vast datasets to uncover insights that could create a more sustainable future for commercial insurance. Specifically built for commercial insurance by leading insurance practitioners and technologists, our suite of AI analytics and digital capabilities are empowering the market.
Today, Concirrus is helping commercial insurance clients to accelerate their digital strategies. Our highly configurable datasets, AI analytics, cutting-edge risk modelling and cloud-based architectural solutions, allow clients to build enterprise-grade solutions that deliver ongoing value. Our goal is to enable you to unlock the value of your legacy systems, ensure your organisation gets the most out of your data and to connect you with other players in the insurance value chain for optimal efficiency.
For more information, please contact:
Emmett & Churchman Ltd
Tel: 07966 820320