North P&I Club partners with marine analytics software provider
Global marine insurer North P&I Club has chosen marine analytics software provider Concirrus as its partner. Concirrus’ platform Quest Marine P&I with its data suite and predictive modeling capabilities will contribute to North’s loss prevention and risk assessment capabilities.
“The activities of the Club’s Loss Prevention department contribute significantly to the understanding of our Members’ operations, and these will be augmented by leveraging the latest machine learning techniques and behavior-based data analytics which we can access through Quest Marine P&I. This, in turn, has the potential to bring longer-term benefits to underwriting and risk selection and we believe that the platform will become an important part of our loss prevention tool kit.” – Colin Gillespie, Director – Loss Prevention at North.
“We’re excited to have North join our client portfolio, applying Quest Marine P&I’s new risk modeling tools alongside portfolio optimization and active risk management to enhance their extensive understanding of the market. North’s recent growth and investment in its digital capabilities is a testament to the benefits they can pass on to their members, ensuring they move forward in their customer-centric strategy. They chose Quest after an extensive comparative evaluation of other solutions, so we’re especially pleased to be working with them.” – Concirrus Chief Executive, Andrew Yeoman.