Re/insurer SCOR has teamed up with insurtech Concirrus to use its Marine Hull Market Model, which is delivered via its data and analytics platform, Quest, in a bid to improve the loss ratios within its marine lines of business. The model analyses multiple data sources to provide a wider and more accurate view on individual accounts.

Gregory Delaisse (pictured), global head of marine for specialty insurance at SCOR, said: “Working with a technology partner that is focused on delivering value to the insurance industry was important for us and it’s the reason why we were attracted to Concirrus and what it could offer.

“We were interested in Concirrus’ Hull Market Model, and we’re excited to work with the team to further develop this capability to ensure that it integrates and supports our own in-house model and in turn, enables us to maintain and improve our current book of business.”

Andrew Yeoman, CEO of Concirrus, added: “It’s companies like SCOR that are embracing the new era of insurance and by working together, we can enhance our modelling capabilities to ensure that they continue to deliver value to our clients and create a more sustainable future for commercial insurance.”

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