Insurance process automation specialist Concirrus has launched an AI-powered product that uses real-time data and advanced analytics to enable underwriters to process construction risk submissions at speed and to make more informed decisions on pricing and policy acceptance.

Andrew Yeoman, co-founder and CEO of Concirrus, said: “We are thrilled to introduce our construction-focused submission module, which addresses the specific challenges faced by insurers in this vital industry.

“Our commitment to innovation is embodied in this offering, which will enable insurers to better understand and manage construction-related risks, leading to stronger, more resilient portfolios.”