Hiscox London Market is entering the new decade with a step into the future, by partnering with insurtech Concirrus to move towards analytics-based underwriting.
Under the multi-year deal announced by Concirrus, Hiscox will utilise behaviour-based data analytics platform Quest Marine Hull – enabling the insurance company not only to analyse existing portfolios in greater detail but also assess vessels within a prospective account and calculate an expected loss based on factors like port risk and time at sea.
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