Codan Marine, an innovative and leading marine insurance and service provider in Denmark with offerings in all Northern Europe, has entered a multi-year contract with leading AI Insurtech, Concirrus, to improve risk insights and prediction to strengthen solutions for customers.Codan Marine has added Concirrus’ data analytics platform, Quest Marine, to their portfolio of advanced tools. This enables them to combine aggregated and enriched marine data with proven risk models to better predict risk behaviour.
Mikkel Gardner Andersen, Nordic Marine Risk Manager at Codan explains: “For over ten years, we have used advanced tools to understand risks and today the newest technologies like machine learning are a part of our experience. Using Concirrus’ platform is therefore a natural step to further provide our underwriters with actionable insights and risk assessment capabilities including loss prevention, to drive informed business decisions and support shipowners.”Andrew Yeoman, CEO of Concirrus says: “We are really pleased to enter this new partnership with Codan which extends our community of customers in the Marine market. We’re looking forward to working with the Codan team to help hone their underwriting process with powerful data analytics and capitalise on the new opportunities this presents.”