Concirrus to launch new AI-powered marine cargo solution in Q1 2020

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London-based insurtech Concirrus has launched a new artificial intelligence-powered cargo data analytics solution in partnership with brokers Marsh JLT Specialty and Willis Re Specialty. The company claims it has the potential to "revolutionise" the way cargo insurance is priced, selected and managed in the industry. The new solution, called Quest Marine Cargo, will be available from first quarter 2020, and will fully integrate with Concirrus' existing suite of hull and P&I capabilities. It will provide full analytics on the entire cargo journey - from factory gates to customer warehouse using advanced AI combined with the latest cargo monitoring. Concirrus said the launch is a part of its wider innovation strategy which is centred around developing solutions that deliver greater efficiencies to the 300-year old re/insurance industry.