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Average Ratings 0 Ratings
Description
Concirrus is dedicated to continuously providing value to both our clients and the broader commercial insurance sector. Our mission is to leverage our combined knowledge in commercial insurance, data science, artificial intelligence, analytics, and technology to facilitate the industry's shift towards the Internet of Things (IoT). This transformation aims to foster a digitally empowered, profitable, sustainable, and safer future for everyone involved. Our committed team is ready to offer support and project management during every phase of the partnership. Concirrus is convinced that enhanced sharing of cohesive, accurate, and real-time data and insights leads to benefits for all parties involved. By minimizing operational inefficiencies and costs, we can foster better connections among brokers, actuaries, underwriters, and reinsurers, leading to more effective pricing, reserving, and risk management strategies. This collaboration allows your teams to concentrate on enhancing responsiveness and service quality for your clients. Furthermore, we will work with you to develop a tailored, scalable digital solution that aligns with your specific business needs and goals, ensuring a successful partnership. Ultimately, our collective efforts will drive innovation and growth within the insurance landscape.
Description
RI-TOOL is a sophisticated multi-tenant SaaS solution designed specifically for reinsurance experts to effectively document, organize, and codify treaty clauses. Each clause is represented as a directed acyclic graph (DAG) of operands, allowing for the accurate and machine-readable formalization of intricate contractual logic that traditional spreadsheets fail to deliver. The platform facilitates the entire reinsurance process across nine specialized roles, including clause drafting by Junior underwriters, validation by Senior underwriters, actuarial formalization by Actuaries, exposure graph modeling by Risk Modelers, contract creation by Managers, and statement-of-account generation by both SOA Seniors and SOA Juniors. Each tenant is provided with a dedicated workspace that comes pre-equipped with a foundational library containing standard clauses, basic DAG graphs (akin to LEGO bricks), and SOA templates that address areas such as Profit Commission and Loss Participation. Additionally, the platform features a comprehensive glossary of 298 terms available in 14 different languages, including English, French, German, and Spanish, among others. Furthermore, all documents are securely stored utilizing AES-256-GCM encryption, ensuring the utmost protection of sensitive information. This robust framework not only streamlines the workflow but also enhances collaboration among reinsurance professionals.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$0
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Concirrus
Founded
2012
Country
United Kingdom
Website
www.concirrus.ai/insurance-iot-platform
Vendor Details
Company Name
RI-TOOL
Founded
2026
Country
France
Website
ri-tool.com
Product Features
Commercial Insurance
Billing & Invoicing
Broker / Agent Portal
Claims Management
Commission Management
Customer Portal
Document Management
Insurance Rating
Policy Management
Quote Management
Reinsurance Administration
Risk Assessment
Underwriting Management
IoT
Application Development
Big Data Analytics
Configuration Management
Connectivity Management
Data Collection
Data Management
Device Management
Performance Management
Prototyping
Visualization