International insurance broker Howden is planning to utilise the Quest Marine Hull and Quest Cargo solutions by insurtech Concirrus as part of a digital transformation program.
Howden will be the first company in the broker market to utilise Quest Cargo to inform the development of xTrade Cargo, its new digital platform for cargo business
“By working with Concirrus, we can better support our clients with insights that inform better risk management,” said Daniel Whiteside, Global Head of Marine at Howden.
“The Concirrus elements not only allow us to see what’s happened, but they also allow us to analyse a range of scenarios, inform better discussions with markets and ultimately optimise clients’ insurance programmes.”
Jonathan Eaton, Global Head of Cargo at Howden, also commented: “Integrating the insight available in Quest Cargo will enhance the new products and services we’re developing. It’s not just about more data, it’s how we can continuously translate the insights it provides into better performing, better value products for clients that’s most interesting.”
“It’s fantastic to be partnering with an ambitious company that’s built a reputation for being at the forefront of change,” added Andrew Yeoman, CEO of Concirrus.
“We’re seeing incumbents and new market entrants jostling for position in the marine market and a mastery of data leading to an improved understanding of risk will be the differentiators going forward,” Yeoman continued.
“Our goal is to support Howden in differentiating themselves in such a crowded, competitive market by adding value to their excellent customer relationships through data-led insights and innovative services.”