Concirrus Quest Marine S Insurance Business Model

DOWNLOAD

Download Concirrus Quest Marine S Insurance Business Model PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Concirrus Quest Marine S Insurance Business Model book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

Concirrus Quest Marine S Insurance Business Model

DOWNLOAD
Author : Paul D. Timms
language : en
Publisher:
Release Date : 2021

Concirrus Quest Marine S Insurance Business Model written by Paul D. Timms and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.

The size of the global marine insurance market in 2018 was approximately $30 billion, but low levels of profitability are common due to intense competition and complex risk assessment problems. Concirrus, an Insurance Technology (InsurTech) disruptor, is transforming the assessment of marine risk through the novel use of Artificial Intelligence (AI) and big data analytics, to develop behavioural risk models. This is part of a broader market trend in insurance, in which traditional underwriting is being replaced by new modes of risk analysis, often based on behavioural risk. In the marine insurance market, the vessel Automatic Identification System can be used as an Internet-connected data source, to provide real-time telematic information regarding the activity of insured vessels. For example, this data includes vessel identification codes, positional information, course, speed and heading, target destination, estimated time of arrival, navigation status, and off-ship calculations. Other market information such as weather data, shipping route data, geographic knowledge, vessel records and insurance records can also be incorporated into sophisticated data analytics to model and better understand risk at a highly granular level. This rich digital and data ecosystem makes it possible to dynamically build and test novel, statistical approaches to model risk and develop new analytics that can be used to mitigate risk by pro-actively influencing business customers. Concirrus is an established marine and automotive InsurTech firm that was founded to capitalise on new behavioural risk modelling techniques and apply them in insurance markets. InsurTech companies disrupt markets by implementing new business models that exploit advances in Artificial Intelligence (AI), high-performance digital technology accessed through cloud computing at relatively low cost, and big data analytics capabilities. Concirrus is an example of an Insurance technology leader, who are taking a digital first approach that avoids legacy system issues such as high maintenance costs, lack of integration and siloed business processes. This case study focuses on Concirrus' business model and describes the operations of its Quest Marine Insurance Product. The Quest insurance product is an insurance risk analytics platform that combines a wealth of data sets, including complex, longitudinal, and behavioural data so that marine insurers can gain a much more nuanced and detailed understanding of a fleet's risk profile and can offer connected policies that encourage and reward safer behaviour, which results in lower risk of loss and damage to ships, their contents and crew members. A detailed description and analysis of Concirrus' value creation process is presented, which is based on Abassi's model of big data value chains. The business model description identifies several areas of information and analytical competitive advantages, which create business benefits for each of the stakeholders involved in marine insurance: fleet operators; insurance brokers; insurers and reinsurers. More generally, the case study is an exemplar of a technology leader that is disrupting a market through the novel application of AI and digital transformation. The implementation challenges and future trajectory of behavioural insurance are outlined.

Ai And Iot For Sustainable Development In Emerging Countries

DOWNLOAD
Author : Zakaria Boulouard
language : en
Publisher: Springer Nature
Release Date : 2022-01-31

Ai And Iot For Sustainable Development In Emerging Countries written by Zakaria Boulouard and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-31 with Technology & Engineering categories.

This book comprises a number of state-of-the-art contributions from both scientists and practitioners working in a large pool of fields where AI and IoT can open up new horizons. Artificial intelligence and Internet of Things have introduced themselves today as must-have technologies in almost every sector. Ranging from agriculture to industry and health care, the scope of applications of AI and IoT is as wide as the horizon. Nowadays, these technologies are extensively used in developed countries, but they are still at an early stage in emerging countries. AI and IoT for Sustainable Development in Emerging Countries—Challenges and Opportunities is an invaluable source to dive into the latest applications of AI and IoT and how they have been used by researchers from emerging countries to solve sustainable development-related issues by taking into consideration the specifities of their countries. This book starts by presenting how AI and IoT can tackle the challenges of sustainable development in general and then focuses on the following axes: · AI and IoT for smart environment and energy · Industry 4.0 and intelligent transportation · A vision towards an artificial intelligence of medical things · AI, social media, and big data analytics. It aspires to provide a relevant reference for students, researchers, engineers, and professionals working in these particular areas or those interested in grasping its diverse facets and exploring the latest advances on their respective fields and the role of AI and IoT in them.

Ship S Business

DOWNLOAD
Author : Myron E. McFarland
language : en
Publisher: Cornell Maritime Press/Tidewater Publishers
Release Date : 1963

Ship S Business written by Myron E. McFarland and has been published by Cornell Maritime Press/Tidewater Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1963 with Business & Economics categories.

The Quest For Software Requirements

DOWNLOAD
Author : Roxanne E. Miller
language : en
Publisher: Mavenmark Books
Release Date : 2009

The Quest For Software Requirements written by Roxanne E. Miller and has been published by Mavenmark Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Computer programs categories.

"Overlooked or poorly defined nonfunctional requirements are widely recognized to be among the most expensive and difficult errors to correct following the implementation of a software system. The Quest for Software Requirements presents over 2,000 suggested questions as a first-of-its-kind reference guide to help you master the elicitation of these hard-to-identify, yet vital, requirements. Its proven step-by-step techniques, insightful tips and tools, easy-to-use checklists, examples of nonfunctional requirements, and requirements-gathering questions can help you succeed in developing and installing software requirements" -- Provided by publisher.

Working For Customers

DOWNLOAD
Author : David Bernstein
language : en
Publisher:
Release Date : 1988

Working For Customers written by David Bernstein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.

Machines Who Think

DOWNLOAD
Author : Pamela McCorduck
language : en
Publisher: CRC Press
Release Date : 2004-03-17

Machines Who Think written by Pamela McCorduck and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-03-17 with Computers categories.

This book is a history of artificial intelligence, that audacious effort to duplicate in an artifact what we consider to be our most important property—our intelligence. It is an invitation for anybody with an interest in the future of the human race to participate in the inquiry.

Artificial Intelligence In Banking

DOWNLOAD
Author : Introbooks
language : en
Publisher:
Release Date : 2020-04-07

Artificial Intelligence In Banking written by Introbooks and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-07 with categories.

In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies. New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided the investors and customers with more innovative tools, new types of financial products and a new potential for growth.According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, "In a world focused on using AI in new ways, we're focused on using it wisely and responsibly."

An Introduction To Microcomputers Basic Concepts

DOWNLOAD
Author : Adam Osborne
language : en
Publisher:
Release Date : 1979

An Introduction To Microcomputers Basic Concepts written by Adam Osborne and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Microcomputers categories.