Concirrus
Concirrus provides an AI-native underwriting platform for specialty insurers, reinsurers, and MGAs across Aviation, Marine, Construction, Property, and Political Violence & Terrorism lines. The platform automates submission ingestion, risk extraction, real-time exposure management, and policy administration through multi-agent AI orchestration.
- Company typePrivate
- Founded2012
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Concirrus does
Concirrus is a London-headquartered insurtech, founded in 2012, that provides an AI-native underwriting platform for the specialty insurance market. The company serves specialty insurers, reinsurers, and Managing General Agents (MGAs) globally across Aviation, Marine, Construction, Property, and Political Violence & Terrorism lines. Its flagship Concirrus Inspire platform, formally launched in February 2026, covers the full underwriting lifecycle from submission intake through bind, policy administration, and renewal, and is delivered via a modular, API-first architecture that integrates with carriers' existing core systems, rating engines, and London Market platforms without requiring wholesale replacement.
The platform is built on multi-agent AI orchestration combining proprietary large language models trained for insurance context, computer vision for scanned and handwritten document processing, generative AI for risk intelligence, and autonomous agents for extraction, validation, consistency checking, and decision support. Core capabilities include a submission ingestion engine delivering 97% accuracy across specialty lines, AI-powered loss run analysis (97% accuracy in 86 seconds), real-time exposure management with scenario testing, and line-specific workbenches for Marine, Aviation, Construction, Property, and PV&T. Concirrus has analysed over 3 trillion data points across its customer base and, in February 2026, became the first insurtech globally to achieve the 'triple crown' of ISO/IEC 42001 (AI governance), ISO/IEC 27001 (information security), and SOC 2 compliance certifications.
Concirrus operates a SaaS subscription model with quote-based enterprise pricing, distributed exclusively via direct field sales to large specialty insurers and MGAs. The company expanded its commercial team and established a permanent US presence in late 2025/early 2026 to capture demand from US carriers. Named enterprise customers include Chubb, Scor, Arch Insurance, Beazley, Chaucer, Aegis London, NorthStandard, Skuld, Applied Underwriters, Howden Specialty, Codan, and Hellenic Hull Management. The company reports year-on-year ARR growth exceeding 100% in 2025, with 2025 described as its strongest year and record revenues. Strategic partnerships include Diesta (quote-to-cash), Google Cloud (AI infrastructure), S&P Global, Dun & Bradstreet, ACORD, OceanMind (maritime ESG), and Whitespace (London Market).
Concirrus firmographics
Firmographics- Name
- Concirrus
- Legal name
- Concirrus Ltd.
- Website
- https://concirrus.ai
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Concirrus provides an AI-native underwriting platform for specialty insurers, reinsurers, and MGAs across Aviation, Marine, Construction, Property, and Political Violence & Terrorism lines. The platform automates submission ingestion, risk extraction, real-time exposure management, and policy administration through multi-agent AI orchestration.
- Ownership category
- akta.pro rank
Concirrus industry classification
Industry- Product category
- Insurance Underwriting Software
- NAICS
- Software Publishers (513210), Computer Systems Design Services (541512)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industries
- Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE), Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK)
Keywords
Where Concirrus is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Concirrus business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Platform Subscription (SaaS): Concirrus operates primarily as a SaaS/platform subscription business, charging specialty insurers and MGAs for access to its AI-native underwriting platform. The modular architecture allows carriers to deploy specific capabilities (submissions, rating, exposure management, policy administration) as needed, creating a scalable recurring revenue model. The platform supports scalable growth without proportionate headcount increases, indicating a land-and-expand dynamic as usage expands across lines of business and geographies.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels8 records
Concirrus product offering
Product offeringCore offering
Concirrus sells an AI-native underwriting platform, branded Concirrus Inspire, that automates the full specialty insurance underwriting lifecycle from submission intake and triage through AI-driven data extraction, dynamic rating, quote generation, policy administration and real-time portfolio exposure management. The platform is delivered via modular, API-first architecture with line-specific workbenches for Marine, Aviation, Construction, Property and Political Violence & Terrorism, and is licensed to enterprise specialty insurers, reinsurers and MGAs on a SaaS subscription basis.
Product overview
Concirrus offers a unified AI-native underwriting platform with modular architecture. The core platform, Concirrus Inspire, provides the foundational infrastructure for specialty insurance underwriting, while the Underwriting Workbench serves as the primary user interface where underwriters interact with submission, rating, exposure and policy management. Line-specific solutions (Marine One, Aviation Underwriting, Construction Underwriting, Property Underwriting, and PV&T Underwriting) operate within this ecosystem, supported by the Enterprise Model for Universal Ingestion and Exposure Management modules. The platform covers the full underwriting lifecycle from submission intake through bind and renewal, with strategic integration partnerships including Diesta for quote-to-cash automation.
Differentiator
Problem solved
Functional benefit
Brands
- Concirrus Inspire: AI-native underwriting platform for specialty insurance covering the full underwriting lifecycle from submission through bind and beyond.
- Underwriting Workbench
- Exposure Management
- Enterprise Model for Universal Ingestion
Products and services
- Concirrus Inspire AI-native underwriting platform for specialty insurers and MGAs covering the full underwriting lifecycle from submission through bind, with modular architecture spanning submissions intake, quoting, rating, policy administration, exposure management and sanctions screening.
- Underwriting Workbench AI-powered workbench that unifies every stage of the underwriting process from submission to reporting across Marine, Aviation, Construction, Cargo and PV&T lines.
- Marine One AI-powered marine underwriting solution delivering 97% submission accuracy across hull, cargo and liability, with real-time sanctions monitoring, environmental liability tracking, cargo risk intelligence, ESG and sustainability risk tracking, and London Market connectivity.
- Aviation Underwriting Workbench Purpose-built AI workbench for aviation underwriting processing risks in 90 seconds with 97% accuracy and 14% improvement in quote-to-bind ratios, supporting both London Market and global aviation portfolios.
- Construction Underwriting AI-driven construction underwriting platform for processing mega projects, Modern Methods of Construction and PFAS risks, with real-time intelligence for wildfires, hail, floods and green infrastructure projects.
- Property Underwriting AI workbench for property underwriting handling complex property risks with automated schedule analysis, occupancy classification, and quote-to-bind confidence backed by full audit traceability.
- Political Violence & Terrorism Underwriting AI-precision PV&T insurance platform covering SRCC, NDBI and cyber-terrorism risks with real-time threat monitoring, automated submission ingestion, London Market connectivity and accumulation management.
- Enterprise Model for Universal Ingestion AI submission automation that ingests, cleans and structures complex risk data across any class of business, providing instant AI onboarding for carriers, MGAs and brokers across all specialty lines with minimal configuration.
- Exposure Management AI-powered exposure management capability delivering complete visibility of portfolio exposure from submission through binding, with scenario testing, accumulation visualisation and dynamic geospatial views.
Quantifiable outcome
- 92% reduction in time-to-quote (from days to minutes)
- +12 more outcomes
Companies that use Concirrus
Customer profileNamed customers18 records
Segments7 records
Ideal customer profiles2 records
Concirrus technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability9 records
Feature8 records
Concirrus partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and supporting.
- DiestacoreConcirrus formed a strategic partnership with Diesta, a payment operations platform for intermediated insurance, to deliver a unified quote-to-cash solution for the specialty insurance market. The integration combines Concirrus' risk processing, underwriting workbench and policy administration capabilities with Diesta's automated premium processing and financial transparency layer. The partnership aims to reduce operational friction for insurers and MGAs by enabling automated reconciliation, accelerating premium remittance, and providing real-time alignment between financial reporting and risk performance. Diesta's premium reconciliation capability is featured as a strategic integration within the Concirrus Inspire platform.
- Aspire (Space Technology)supportingA global provider of space-based data, analytics and space services listed as an industry partner. Partnership provides satellite and geospatial data capabilities that enhance Concirrus' risk assessment and exposure intelligence across specialty insurance lines.
- Dun & BradstreetsupportingLeading global provider of business decisioning data and analytics. Partnership enhances Concirrus' data enrichment and risk intelligence capabilities through commercial and business data.
- S&P GlobalsupportingCredit rating agency providing financial intelligence to global markets. Partnership contributes to Concirrus' financial risk assessment and market intelligence capabilities.
- IHS Markit (S&P Global)supportingData, technology and expertise provider combining information to accelerate progress. Partnership supports Concirrus' risk intelligence and market data enrichment capabilities.
- Google CloudsupportingGoogle Cloud provides advanced AI for better risk assessment and secure data storage meeting industry standards. Partnership enables Concirrus' AI infrastructure, large language model training and secure cloud operations at scale.
- LumisupportingListed as an industry partner providing technology capabilities that complement Concirrus' underwriting platform ecosystem.
- OceanMindsupportingConcirrus and OceanMind partnered to strengthen maritime ESG capabilities. OceanMind's maritime sustainability intelligence enhances Concirrus' ESG and sustainability risk tracking for marine insurance portfolios.
- ACORDsupportingACORD is a standards organisation for the insurance industry. Partnership supports Concirrus' London Market connectivity and industry-standard data exchange.
- WhitespacesupportingWhitespace is a London Market platform partner. Joint participation in the Marine Insurtech Summit 2025 highlights the partnership in advancing marine insurance digital workflows.
- ServiceNowsupportingServiceNow is hosting Concirrus' 'The Future of Insurance Will Be Orchestrated' event at 50 Hudson Yards, New York in May 2026, indicating a growing partnership for industry events and thought leadership.
Scale indicators19 records
Recent moves7 records
Expansion highlights6 records
Concirrus competitors and assessment
Company assessmentDirect peers
- Planck: AI-powered data platform for commercial insurance underwriting, providing automated risk data aggregation and submission analysis. Comparable to Concirrus in automating commercial/small commercial underwriting workflows.
- Akur8: AI-powered insurance pricing platform used by P&C insurers globally for rate-making and portfolio optimisation. Directly comparable to Concirrus in AI-driven pricing and rating for specialty and commercial insurance lines.
- Gradient AI: AI solutions for insurance underwriting, claims and operations across group health, workers' comp and P&C. Comparable to Concirrus in applying machine learning to insurance underwriting decision support and risk selection.
- hyperexponential: London-based specialty insurance pricing and underwriting decision platform serving Lloyd's and global specialty insurers with AI-driven rating models. Closely comparable to Concirrus in specialty insurance AI pricing and portfolio decisioning.
- Cytora: London-based AI underwriting platform focused on commercial and specialty insurance, ingesting and analysing submission data for risk decisioning. Direct competitor to Concirrus in AI-native commercial/specialty underwriting workflows.
Broad incumbents
- Duck Creek Technologies: Cloud-based core insurance SaaS for P&C carriers, offering policy, billing, claims and rating modules. Comparable to Concirrus as an insurance software platform competing for specialty carrier technology spend, though broader in scope.
- EIS Group: Core insurance platform serving large global insurers with policy administration, claims and digital engagement capabilities. Comparable to Concirrus as adjacent enterprise insurance infrastructure for specialty and composite carriers.
- Guidewire Software: Leading core insurance platform serving P&C insurers globally with policy, billing and claims software, increasingly embedding AI capabilities. Comparable to Concirrus as adjacent infrastructure for specialty insurers, though positioned at the core system layer rather than underwriting ingestion.
Emerging players
- Cape Analytics: AI geospatial property intelligence platform providing instant building and risk attributes for property insurance underwriting. Comparable to Concirrus in applying AI to property underwriting data enrichment and risk selection.
- Socotra: Cloud-native core insurance platform for P&C and specialty insurers, providing modern policy administration with open APIs. Comparable to Concirrus in offering modern, API-first insurance infrastructure to specialty and MGA customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Concirrus social profiles
Digital presenceConcirrus compliance and trust
Trust signalCompliance3 records
Concirrus financial estimates
Financial estimateRevenue estimate
Valuation estimate
Concirrus leadership team
Management profileNumber of profiles
Profiles7 records
Concirrus subsidiaries and ownership
Company hierarchySubsidiaries1 record
Concirrus funding detail
Funding detailFunding overview
Funding rounds6 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Concirrus M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Concirrus
What does Concirrus do?
Concirrus sells an AI-native underwriting platform, branded Concirrus Inspire, that automates the full specialty insurance underwriting lifecycle from submission intake and triage through AI-driven data extraction, dynamic rating, quote generation, policy administration and real-time portfolio exposure management. The platform is delivered via modular, API-first architecture with line-specific workbenches for Marine, Aviation, Construction, Property and Political Violence & Terrorism, and is licensed to enterprise specialty insurers, reinsurers and MGAs on a SaaS subscription basis.
Is Concirrus a public or private company?
Concirrus is a private company. It is classified as venture growth investor backed and is currently operating.
When was Concirrus founded?
Concirrus was founded in 2012. It employs 51 to 100 people.
Where is Concirrus based?
Concirrus is headquartered in London, United Kingdom, in the Europe region.
How does Concirrus make money?
One revenue line is on record: platform Subscription (SaaS).
Who are Concirrus's main competitors?
Direct peers on record are Planck, Akur8, Gradient AI, hyperexponential and Cytora. Broad incumbents are Duck Creek Technologies, EIS Group and Guidewire Software. Emerging players are Cape Analytics and Socotra.
Does Concirrus have an API?
No public API is recorded for Concirrus.
What industry is Concirrus in?
Concirrus's product category is Insurance Underwriting Software. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAE, Data, Analytics & AI for Insurance (Risk, Pricing, Personalization). Its NAICS code is 513210 and its SIC code is 7372.