Long-term strategic partnership between Concirrus and Applied Underwriters
We are pleased to have acted as the exclusive financial adviser to Concirrus, on its long-term strategic partnership with Applied Underwriters. This partnership will support the development and provision of multi-product line solutions to global insurers, reinsurers and other risk-based entities.
Founded in 2011 and based in London, United Kingdom, Concirrus offers a suite of analytics and digital capabilities to commercial insurers, assisting them in accelerating their digital strategies. The Concirrus platform accesses and interprets wide-ranging datasets, combining them with historical claims data to reveal behaviours that correlate to claims and risk. This capability enables carriers and brokers to drive improvements in risk selection, management and transfer, whilst also unlocking capital efficiency and competitive advantage.
Headquartered in Omaha, Nebraska, Applied Underwriters is a global risk services firm that offers business services, insurance and reinsurance solutions. The Company is distinguished by its innovative approach to client care and its strong financial strength, with operations throughout the US, UK, EU and Middle East.
The combination of Applied Underwriters’ trove of patents and data processing advances will assist Concirrus in expanding its solutions to a wider range of customers and product lines, while Concirrus’ market leading analytics platform is well aligned to Applied Underwriters’ digital first strategy and advantage.
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