b2b-daily
Home | FinTech | FinTech Insurance

Concirrus Unveils Real-time Data Tool for Aviation Risk Management

Avatar photo
by Caitlyn Jones
October 31, 2024
Image Credit: Pixabay
Concirrus Unveils Real-time Data Tool for Aviation Risk Management

In a move set to revolutionize the aviation insurance industry, Concirrus has introduced its new Aviation Aggregations module, which is designed to tackle key challenges faced by aviation underwriters in assessing risk exposure and managing portfolios. This module is part of Concirrus’s broader aviation platform and aims to enhance real-time data insights and advanced analytics. The Aviation Aggregations module offers several essential functionalities, including On Cover Aggregations Monitoring for real-time alerts, Airport and Country Exposure insights, Marginal Impact Analysis for assessing new business and renewals, and Customizable Dashboards for accessing real-time data efficiently.

The new module aims to transform the management of aviation exposures by delivering actionable insights and supporting smarter and faster decision-making processes. Real-time monitoring of on-cover aggregations enables insurers to receive alerts that can prevent unforeseen losses. This is complemented by detailed airport and country exposure insights that give underwriters a clearer understanding of geographical risks. Furthermore, marginal impact analysis helps insurers evaluate how new business and renewals will affect their portfolios, underlining the drive towards data-driven, real-time exposure management.

CEO Andy Yeoman has emphasized that the introduction of the Aviation Aggregations module marks a significant advancement for insurers, positioning them to remain competitive in a rapidly evolving marketplace. He noted that the overarching trend in the industry is a shift towards adopting advanced analytics and real-time data to better modernize risk management practices. This shift not only enhances decision-making but also bolsters the ability to assess both current and historical risk exposures accurately, marking a new era for aviation underwriters.

In summary, Concirrus’s Aviation Aggregations module offers innovative solutions that address the growing needs of aviation underwriters. Through enhanced tools for managing risk, the module streamlines decision-making processes and ensures that insurers can keep pace with the demands of a complex and evolving landscape. This new development underscores the importance of real-time data and advanced analytics in sharpening the competitive edge of modern insurance practices.

InsurTech

Explore more

Is Understaffing Killing the U.S. Customer Experience?
February 25, 2026

The Growing Divide Between Brand Promises and Operational Reality A walk through a modern American retail store or a call to a service center often reveals a jarring dissonance between the glossy advertisements on a smartphone screen and the reality of waiting for assistance that never arrives. The modern American marketplace is currently grappling with a profound operational paradox: while

How Does Leadership Impact Employee Engagement and Growth?
February 25, 2026

The traditional reliance on superficial office perks has officially dissolved, replaced by a sophisticated understanding that leadership behavior serves as the foundational bedrock of institutional value and long-term employee retention. Modern organizations are witnessing a fundamental shift where employee engagement has transitioned from a peripheral human resources concern to a core driver of competitive advantage. In the current market, success

Trend Analysis: Employee Engagement Strategies
February 25, 2026

The silent erosion of corporate value is no longer a localized issue but a systemic failure that drains trillions of dollars from the global economy every single year. While boardroom discussions increasingly center on the human element of business, a profound paradox has emerged where leadership’s obsession with “engagement” is met with an equally profound sense of detachment from the

How to Master Digital Marketing Materials for 2026?
February 25, 2026

The convergence of advanced consumer analytics and high-fidelity creative execution has transformed digital marketing materials into the most critical infrastructure for global commerce. As worldwide e-commerce spending approaches the half-trillion-dollar threshold this year, the ability to produce high-performing digital assets has become the primary differentiator between market leaders and those struggling for relevance. This analysis explores the current landscape of

Optimizing Email Marketing Timing and Strategy for 2026
February 25, 2026

The difference between a record-breaking sales quarter and a stagnant marketing budget often comes down to a window of time shorter than the duration of a morning coffee break. In the current digital landscape, where the average consumer receives hundreds of notifications daily, an email that arrives just thirty minutes too early or too late is frequently relegated to the