Case Study: Markel gains real-time marine risk insights with Concirrus Quest Marine

Markel selects behaviour-based data analytics platform, Quest Marine

Markel International, a global specialty insurer, was looking for a better way to assess and monitor marine risk while maintaining its customer-focused underwriting approach. To support this, Markel selected Concirrus and its Quest Marine Hull platform, a behaviour-based data analytics solution designed to give underwriters a real-time view of market and vessel risk.

Concirrus implemented Quest Marine Hull to help Markel monitor vessel and port locations, accumulations, custom zones, and alerts in real time, enabling faster responses to changes in insured risk. The solution provides a more comprehensive view of risk and deeper insight into risk drivers, supporting improved underwriting decisions and stronger active risk management, although the case study does not cite specific numerical results.

Markel

Daniel McCarthy

Head of Hull and War