Technology Show: Featuring Concirrus

Concirrus is a leading Insurtech specialising in transforming the future of risk selection, pricing and claims using the latest developments in data analytics, AI, machine learning, and digitalisation.

The commercial insurance industry has been operating at a loss for some time, and is caught in between customers demanding lower premiums, brokerage fees, assessing risk and underwriting liabilities.

Concirrus advocates a data focused approach to this unique challenge by digitising, and working from a data driven model, insurers, underwriters access data on multitude of variable factors to develop a more comprehensive and detailed view of their risk landscape.

Mike Davies, the Head of Asia Pacific, explains some of the challenges impacting the commercial insurance industry in APAC, and how does digitization address these challenges. He shares his perspective on whether insurance industry players in Asia are adopting a data driven model fast enough.

He also gives his views on the changes to the commercial insurance industry moving forward.