Concirrus, a London, UK-based specialty analytics insurtech company, raised $6m in funding.
CommerzVentures made the investment, which followed a $20m Series B funding round led by AlbionVC, with participation from current investors IQ Capital, EOS Venture Partners and several angel investors announced in Feb 2020.
The company intends to use the funds to expand operations and its business reach.
Led by Andrew Yeoman, CEO, Concirrus uses latest advancements in AI and machine learning to develop a behavioural-based underwriting platform called Quest which delivers differentiated pricing, portfolio management and predictive analytics. It is used by insureds, insurers, reinsurers and brokers around the world.