Concirrus Launches AI-First Property Underwriting Platform Delivering Quotes Up to 98% Faster

Traditionally, the manual nature of P&C and specialty insurance underwriting forces underwriters into tedious, repetitive work. Recent solutions scrape submission data but still miss vital fields, leaving underwriters with an organised version of the same problem. Traditionally, the manual nature of P&C and specialty insurance underwriting forces underwriters into tedious, repetitive work. Recent solutions scrape submission data but still miss vital fields, leaving underwriters with an...

Traditionally, the manual nature of P&C and specialty insurance underwriting forces underwriters into tedious, repetitive work. Recent solutions scrape submission data but still miss vital fields, leaving underwriters with an organised version of the same problem.

With Concirrus Property the underwriting process has been flipped delivering a fully enriched dataset in seconds, enabling underwriters to be first-to-quote, write more business and make smarter decisions about risk. 

"Technology isn't here to replace underwriters, it's here to remove the operational burden," said Vinod Singh, President of Concirrus. "Property underwriting demands handling massive, complex schedules of values, but most solutions struggle to extract schedules of values data or geocode addresses accurately. Concirrus gets it right in seconds, giving underwriters the speed, insight, and accuracy to win more and manage their books with confidence." 

Early adopters of Concirrus Property have already cut submission processing times from hours or days to minutes, moving from submission to quote up to 98% faster. They've eliminated manual rekeying, gained real-time exposure visibility before quoting and improved quote-to-bind ratios, enabling teams to scale without adding cost or headcount. 

"By giving underwriters trusted insights at the point of pricing, we free them to do what they do best, write more business, build stronger books and make smarter risk decisions," added Matthew Twist, Chief Revenue Officer at Concirrus. 

Concirrus Property is designed for businesses underwriting complex commercial property risks including commercial real estate, high-TIV portfolios, habitational and industrial property, Builder's Risk, vacant and distressed assets and catastrophe-exposed zones. 

About Concirrus  

Concirrus delivers awe-inspiring technology for specialty and commercial insurance, turning complex underwriting into AI-first decisions. With a platform purpose-built for automation, data-driven decisioning and real-time portfolio management, we help insurers quote faster, select risks smarter and build more profitable books of business. 

Our solutions support a wide range of specialty lines including property, aviation, transportation, marine, surety, construction and political violence & terrorism (PV&T). Trusted by leading insurers worldwide.  

To learn more, visit www.concirrus.ai/property 

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