Beazley selects Concirrus’ Quest Marine platform

Specialist insurer Beazley has selected Concirrus’ behaviour-based data analytics platform, Quest Marine. Concirrus’ predictive pricing model uses machine learning, combining billions of rows of risk data with a client’s loss and policy information to uncover the behaviours that are predictive of claims. The companies said the speed and accuracy of the Concirrus solution allows Beazley to differentiate its approach to pricing and risk selection.