Concirrus launches AI underwriting platform in US specialty market

Concirrus, a provider of AI-driven insurance solutions, has expanded its presence in the US specialty market with the launch of its new AI underwriting platform.

The company revealed it has deployed the platform with “one of the world’s top ten specialty insurers.” Building on earlier successes in North America, the agreement brings Concirrus technology into live production across complex, high-volume US specialty lines.

Speed to quote has become a key differentiator in the US specialty market, with broker research showing that the first carrier to quote can improve their close rate by approximately 60%.

Concirrus says its platform reduces underwriting time from days to seconds—enhancing quote-to-bind ratios, minimising leakage, and improving premium retention.

Rising demand from U.S. carriers follows the general availability of Concirrus’ multi-line platform, which automates the process from ingestion to invoicing. It captures all relevant information, features integrated quote-and-bind functionality, and includes a policy management function—providing a one-stop shop for specialty underwriters.

Andrew Yeoman, Chief Executive Officer of Concirrus, said, “Our continued investment in the United States is about helping our customers deliver improved underwriting results in one of the most competitive insurance markets.

“Specialty carriers face rising submission volumes, increasing complexity and a vendor ecosystem offering piecemeal solutions. The Concirrus platform lets them respond instantly, underwrite with greater insight, and compete at pace in one platform.”

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