Concirrus partners with Hellenic Hull Management to enhance marine underwriting

Concirrus, a provider of AI-powered marine insurance intelligence, has partnered with Hellenic Hull Management (HMA) to improve and streamline HMA’s underwriting operations.

The marine insurance industry faces challenges in modernising its practices, adhering to strict regulations, and managing increasing amounts of data. Traditional underwriting methods often lag behind technological advancements and the complexities of global trade, resulting in inefficiencies and missed growth opportunities.

This collaboration will integrate Concirrus’s advanced technology with HMA’s underwriting expertise. HMA will implement Concirrus’s Quest One platform, utilising its sophisticated data analytics and artificial intelligence to refine its underwriting process.

Quest One is designed to meet the full range of modern marine underwriting needs. It streamlines submissions management for efficient processing and market responsiveness, integrates real-time sanctions screening to ensure compliance, offers access to the largest pool of marine policy and claims data through its Hull Market Model, and provides aggregation management tools to assess and control risk exposure across portfolios.

With Quest One, HMA will be able to handle and analyse large volumes of data, aiding in strategic planning, identifying emerging trends, and adjusting business strategies proactively.

Andrew Yeoman, Chief Executive Officer at Concirrus, said, “We are thrilled to welcome HMA as a customer. The vision that Ilias and his team have for creating a modern, technology-first MGA aligns perfectly with our mission at Concirrus. By leveraging Quest One, HMA is positioning itself to set new benchmarks in the marine insurance industry. We are honoured to support their journey and contribute to their growth and innovation.”

Ilias Tsakiris, CEO of Hellenic Hull Management, added, “Partnering with Concirrus is a key step in our digital journey. At Hellenic Hull, we have always been at the forefront of innovation in marine insurance, integrating advanced technology to upscale our underwriting expertise. Over the last 30 years, we have built a legacy of leadership, and this collaboration with Concirrus marks another milestone in redefining industry standards. By leveraging the power of Quest One, in conjunction with our unique ERP system, we are not only enhancing our operational capabilities but also spearheading the delivery of exceptional value and service to our clients, partners, capacity providers.”

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