International insurance broker Howden is working with Concirrus, using the insurtech firm’s Quest Marine Hull and Quest Cargo solutions to deliver a digital transformation programme.
Quest Marine Hull promises to interpret a multitude of complex datasets simply, efficiently and in real-time for a continuously updated understanding of a programme.
Daniel Whiteside, Global Head of Marine at Howden said that by working with Concirrus, they can better support their clients with insights that inform better risk management.
“The Concirrus elements not only allow us to see what’s happened, but they also allow us to analyse a range of scenarios, inform better discussions with markets and ultimately optimise clients’ insurance programmes,” said Whiteside.
Howden will also be the first company in the broker market to use Quest Cargo to inform the development of xTrade Cargo, its new digital platform for cargo business.
Jonathan Eaton, global head of cargo at Howden, said that integrating the insight available in Quest Cargo will enhance the new products and services they are developing.
“It’s not just about more data, it’s how we can continuously translate the insights it provides into better performing, better value products for clients that’s most interesting,” said Eaton.
Concirrus CEO Andrew Yeoman said they are seeing incumbents and new market entrants jostling for position in the marine market, and that a mastery of data leading to an improved understanding of risk will be the differentiators going forward.
“Our goal is to support Howden in differentiating themselves in such a crowded, competitive market by adding value to their excellent customer relationships through data-led insights and innovative services,” said Yeoman.