Concirrus

Concirrus is a London-based insurtech founded in 2012 by Andrew Yeoman (ex-Trimble CEO) and Craig Hollingworth, built around the thesis that behavioural data — vessel movement, crew conduct, fleet telematics — outperforms traditional asset-and-postcode underwriting for specialty and commercial lines. The flagship product, Quest, is a data-analytics platform: Quest Marine (Hull, Cargo) for marine; Quest Fleet for commercial motor.

Funding and ownership. Concirrus is VC-backed and independent. Disclosed funding totals roughly $41M+ across rounds: a $20M Series B led by AlbionVC in February 2020 with participation from IQ Capital and Eos Venture Partners, topped up by a $6M CommerzVentures investment in July 2020, on top of earlier rounds that had brought total raised above $15M by 2019. Public reporting put the cumulative figure "more than $35M" in 2020; $41M is a conservative round number including the CommerzVentures top-up and a small £5M top-up round in the same period.

Named customers. TransRe signed a marine-reinsurance partnership in 2018, an early validation signal for Quest Marine. Arch Insurance International licensed Quest Marine for its London marine book. Howden — the global broker — adopted Quest Marine Hull and Quest Cargo in December 2021, becoming the first broker-market deployment of Quest Cargo and using it to power its xTrade Cargo digital platform. Codan Marine (Denmark) added Quest Marine in October 2022. SCOR adopted Concirrus' Marine Hull Market Model in 2022 and extended the partnership in February 2023 to support its in-house underwriting. In June 2025 Concirrus announced a partnership with "one of Lloyd's leading digital follow-syndicates" (unnamed in the release) to automate submission ingestion across specialty lines — property, casualty, aviation, marine, construction — signalling the platform's pivot from pure analytics into submission automation and quote-ready decisioning.

Why data-platform, not underwriting-workstation. Concirrus' centre of gravity is the data and model layer: Quest aggregates three-trillion-plus data points, ingests AIS vessel tracks and telematics feeds, and ships market models (the Marine Hull Market Model processes 100K+ historical policies and claims) that insurers consume inside their existing workstations. It is an underwriting-decisioning data utility first, and a workstation second — closer in spirit to a specialty-lines analytics platform than to Federato's portfolio-optimisation workstation or Cytora's submission-intake pipeline. The 2025 Lloyd's follow-syndicate announcement extends Concirrus toward workstation territory, but the historical and current product mass sits in the data-platform layer.

Position vs Cytora and Planck. Cytora is intake-focused and class-agnostic — turn any inbound broker submission into structured risk — and was acquired by Applied Systems in 2025. Planck is US-biased small-commercial, enriching submissions with exposure data scraped from the web. Concirrus is neither: it is the specialty-lines behavioural-analytics platform, with marine hull/cargo and motor fleet as the two load-bearing verticals and Lloyd's/London Market as the primary distribution channel. A carrier can run all three — Cytora for intake digitisation, Planck for small-commercial enrichment, Concirrus for marine/fleet behavioural risk scoring — without material overlap. The overlap tension only appears at the edge, where Concirrus' 2025 submission-automation push for follow-syndicates bumps into Cytora's core intake franchise.