Conquirrus Unveils AI-Powered Property Subscription Platform for Rapidly Obtaining Quotes Up to 98% Faster

Concirrus Property: AI-Powered Platform dramatically Speeds Up Commercial Property Insurance

London and New York – September 4th, 2025 – Concirrus, a leader in artificial intelligence (AI) solutions for specialized insurance, today announced the launch of Concirrus Property, a new platform poised to dramatically reduce quote generation times for commercial property risks. the solution integrates AI to automate and accelerate the subscription process for managing general agents (MGAs) and insurers.

Traditionally, the underwriting of commercial property insurance has been hampered by manual processes, creating a time-consuming and repetitive workload for underwriters. While recent industry solutions have focused on data extraction from submissions, they often fall short of providing the complete data set required for a comprehensive assessment.

Concirrus Property reverses this paradigm, delivering fully enriched data within seconds, enabling underwriters to quickly and confidently assess risk, generate quotes, and expand business opportunities. “The technology isn’t meant to replace underwriters; it’s designed to alleviate the operational burden,” states Vinod Singh, President of Concirrus.”Commercial real estate underwriting often involves processing extensive and complex data, with challenges in accurate data extraction and address verification. Concirrus delivers precise results in seconds, providing the speed, visibility, and confidence needed to win more business and manage portfolios effectively.”

Early users of Concirrus Property have seen a remarkable 98% reduction in application processing times, shortening the turnaround from submission to quote from days to mere minutes. This accelerated workflow eliminates manual data entry, offers real-time visibility into risk factors prior to quoting, and improves quote-to-engagement ratios.

“By providing underwriters with reliable information at the point of pricing, we empower them to focus on their core expertise – building stronger portfolios and making better risk decisions,” adds Matthew Twist, Income Director at Concirrus.

Concirrus Property is ideally suited for insurers facing complex risk scenarios, including commercial real estate, high-value portfolios, residential and industrial properties, manufacturer’s risks, vacant properties, distressed assets, and those in disaster-prone areas.

About Concirrus:

Concirrus delivers cutting-edge technology for specialized and commercial insurance, enabling data-driven decision-making and streamlined underwriting processes. Their platform facilitates automation, portfolio management, and real-time monitoring for a wide range of sectors, including marine, aviation, construction, political violence and terrorism (PV&T), and more. Concirrus is trusted by leading insurance firms globally, accelerating their efficiency and improving profitability.

For more information, visit www.concirrus.ai/property.

How does Conquirrus’s AI-powered platform address teh pain points of slow quote turnaround times traditionally experienced in the property insurance industry?

Revolutionizing Property Quote acquisition with Artificial Intelligence

Conquirrus has launched a groundbreaking property subscription platform leveraging the power of Artificial Intelligence (AI) to dramatically accelerate the process of obtaining property quotes. This new platform promises to deliver quotes up to 98% faster than conventional methods, a game-changer for investors, real estate professionals, and property managers. The core of this innovation lies in it’s ability to automate data extraction, risk assessment, and pricing, streamlining a historically cumbersome process. This represents a significant leap forward in proptech and real estate technology.

How the AI-Powered Platform Works

The Conquirrus platform isn’t just about speed; it’s about smart automation. Here’s a breakdown of the key functionalities:

Automated Data Extraction: The AI engine automatically extracts crucial property data from various sources – public records, MLS listings, and even property photos. This eliminates manual data entry, a major time sink in traditional quoting.

Instant Risk Assessment: Utilizing machine learning algorithms, the platform instantly assesses property-specific risks, including potential maintenance issues, environmental concerns, and neighborhood factors. This allows for more accurate and reliable quotes.

Dynamic Pricing Engine: the AI dynamically adjusts pricing based on real-time market data, risk assessments, and coverage options. This ensures competitive and tailored quotes for each property.

subscription-Based Access: The platform operates on a subscription model, providing users with unlimited access to rapid quote generation for a fixed monthly fee. This predictable cost structure is appealing to businesses managing large property portfolios.

API Integration: Seamless integration with existing property management software and CRM systems via API, further automating workflows.

Benefits of Faster Property Quotes

The speed and efficiency offered by Conquirrus translate into tangible benefits for users:

Increased Deal Velocity: Faster quotes mean quicker decision-making, allowing investors to capitalize on opportunities before they disappear. This is particularly crucial in competitive markets.

Reduced Operational Costs: Automating the quoting process substantially reduces labor costs associated with manual data entry and analysis.

Improved Accuracy: AI-driven risk assessment minimizes errors and ensures more accurate pricing, reducing the risk of unexpected costs down the line.

Enhanced Customer Experience: Providing rapid quotes improves the overall experience for clients and partners, fostering stronger relationships.

Scalability: The platform allows businesses to scale their operations without being constrained by the limitations of manual quoting processes.

Target Users and Applications

The Conquirrus platform caters to a diverse range of users within the property ecosystem:

Real Estate Investors: Quickly assess the profitability of potential investments by obtaining instant quotes for insurance, maintenance, and repairs.

Property Managers: Streamline the onboarding process for new properties and efficiently manage ongoing maintenance costs.

Insurance Brokers: Enhance their service offerings by providing faster and more accurate quotes to their clients.

Mortgage Lenders: Expedite the loan approval process by quickly verifying property values and insurance coverage.

* Real Estate Agents: Provide clients with thorough property reports including estimated costs for various services.

Key Features & Functionality Breakdown

Here’s a deeper dive into specific features:

1. Property Data Enrichment: beyond basic data, the platform enriches property profiles with detailed information like building permits, historical sales data, and neighborhood demographics.
2. Customizable quote Templates: Users can create and customize quote templates to align with their specific branding and service offerings.
3. Comparative analysis: The platform allows users to compare quotes from multiple providers side-by-side, facilitating informed decision-making.
4. Reporting & analytics: Comprehensive reporting and analytics dashboards provide insights into quoting trends, risk profiles, and cost optimization opportunities.
5. Mobile Accessibility: Access the platform and generate quotes on the go with a fully responsive mobile interface.

The Impact on the Insurance Industry

This platform isn’t just disrupting the quoting process; it’s forcing a re-evaluation within the property insurance sector.