Leading insurtech, Concirrus, has today announced an expansion of its commercial offering into Asia with the appointment of Mike Davies, former Asia Pacific Marine Leader at AXA XL and Oliver Miloschewsky, both of whom bring over 40 years combined experience of working in the global marine insurance market.
Concirrus CEO, Andrew Yeoman says: “As the Asia market continues to increase its share of the global marine business, it’s a natural stage of growth for Concirrus to continue to establish a sales presence in the region. We’re excited to have both Mike and Oliver on board and leading the expansion of our business into Asia Pacific; they bring global expertise and regional experience that will allow us to shape our strategy within this key market.”
Bolstering the Concirrus executive team, both Mike and Oliver are no strangers to the marine market. Having held senior positions within household insurance brands such as XL Catlin, Zurich and AXA, Mike has become a well-known marine cargo expert. This is reinforced by his influence within IUMI where he held the position of Chairman of the Cargo Committee for six years, as well as being part of the Executive Committee alongside, Dieter Berg, now a Non-Executive Director at Concirrus.
Commenting on his new role, Mike says: “I’m very much looking forward to being part of the Concirrus team at a time when the market is going through some dramatic changes. The market is hardening and for many people working in this industry, it will be the first hard market they’ve seen. Restoring profitability and accessing new opportunities is very much the priority and we see Concirrus as a critical partner in helping customers manage this hardening market and transform their portfolios into a far more profitable and sustainable book of business.”
With a diverse background in underwriting, claims, risk management, strategy and portfolio management working across Europe, Asia and Australia, Oliver is recognised as a seasoned H&M and P&I specialist built up over the last 20 years of working at AXA XL, Zurich, Munich Re and IAG. “It’s a great time to be joining a company that is clearly on an exciting journey and having been in the industry for as long as I have, I have a strong belief that Concirrus could make a real difference to the market. Over the last 12 months we have seen so many companies exit the marine market simply because they didn’t think there was an alternative. And yet, there is – working with a partner like Concirrus creates an opportunity to embrace a more scientific, data-driven approach that can help restore profitability and access new opportunities.” explains Oliver.
Concirrus’ Quest intelligence platform delivers improved loss ratios, increased operational efficiencies and deal sizes, as well as new trading relationships to global insurers. By capturing and understanding every customer behaviour, delivering data-rich insights at scale, underwriting teams are empowered to make rapid data-driven decisions. Over 20 market-leading insurers including Beazley, Hiscox and Chaucer trust Concirrus’ technology to power their risk making decisions. Headquartered in London with international presence, Concirrus has built a 100-strong team of experts that specialise in data analytics and machine learning, as well as having a rich understanding of the global insurance market.
For more information, please contact:
Emmett & Churchman Ltd
Tel: 07966 820320
Emmett & Churchman Ltd