Dun & Bradstreet and Concirrus partner to help solve cargo aggregation and visibility challenges for (re)insurers

This unique partnership tackles unknown port, vessel, and ultimately warehouse cargo aggregations amidst rising global trade disruptions

London, UK – 19 March, 2024 - Dun & Bradstreet, a leading global provider of business decisioning data and analytics, and Concirrus, the leading provider of AI-powered marine insurance intelligence, have today announced a ground-breaking partnership to transform marine insurance globally.

A pandemic, the Suez Canal blockage, man-made disasters such as Tianjin and Beirut, wars, sanctions, and extreme weather, have all contributed to the risk profile of vessels and their cargo becoming more important than ever to understand.

But gaining an accurate understanding of cargo onboard a vessel or in a port has presented a significant challenge for the maritime insurance industry since the days of the Lloyds coffee shop. The data was not available en masse, certainly not in a timely fashion, and the data volume was previously unmanageable.

In response to these challenges, Dun & Bradstreet and Concirrus have jointly designed a unique data and artificial intelligence (AI) driven solution that provides insurers with near real-time insights into their portfolio regarding:

·       Accumulation of cargo and values onboard each vessel

·       Ownership, company linkages and counterparties involved in each journey

·       Accumulation of cargo in ports & warehouses

Insurers will now have access to the world’s largest dataset - provided by Dun & Bradstreet. Processing this vast dataset is the Concirrus Quest platform, a modern digital risk management solution, powered by AI. The Quest platform will provide a dynamic view of the global supply chain and present one of the most fundamental changes for the marine insurance industry since its inception 370 years ago.

By leveraging Concirrus’ state-of-the-art machine learning and AI algorithms, the joint solution with Dun & Bradstreet will transform billions of records of cargo movements into actionable insights of an insurer’s total exposure which itself can change on a daily basis. This will enable insurers to build better risk models, gain a detailed understanding of sendings, and an accurate understanding of the accumulations in their portfolio.

This solution has the potential to revolutionise the process between cedents and reinsurers by providing a true understanding of the exposures in their portfolios at both the cedent and reinsurer level.  Ultimately, this means that capital can be deployed more effectively and opens the doors to innovative reinsurance structures.

James Harrison, Global Head of Insurance at Dun & Bradstreet: "The marine insurance industry has been slow to adopt digital-based solutions and data-driven approaches, however with recent geopolitical events that is definitely starting to change. D&B’s data set combined with Concirrus’ cutting-edge AI technology will bring unparalleled new insights in the form of a risk tool to the global marine insurance market."

Andy Yeoman, CEO at Concirrus: "This is the solution that the market has needed for a long time and addresses a critical gap in marine insurance. By improving underwriting accuracy, and by monitoring and managing aggregations, insurers can accurately manage their capital and offer a superior solution to clients.”




About Dun & Bradstreet:


Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk, and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit www.dnb.co.uk

About Concirrus:


Concirrus was founded on a passion to combine vast datasets with market leading analytics tools to uncover insights that could create a more sustainable future for marine insurance. Specifically built for marine insurance by leading insurance practitioners and technologists, our suite of AI analytics and digital capabilities are empowering the market. 

Today, Concirrus is helping commercial insurance clients to improve loss ratios and reduce operating expenses. Our highly configurable solutions, AI-powered workflow, risk modelling and portfolio monitoring solutions, allow collaboration within teams and across the insurance market. Our goal is to bring practical solutions to the market that address today’s issues and drive towards a vision of automated insurance.

For more information on Concirrus, please visit www.concirrus.ai

Media Contact:

Dun & Bradstreet

Daisy Onida


Harvard PR



Liz Churchman, Deputy Managing Director of EC-PR