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UK Venture Capital Fund Eos Makes First Two Insurtech Investments

Eos Venture Partners' strategic insurtech fund has made its first two investments. The UK-based specialist venture capital fund, working through its debut EVP 1 fund, committed early financing to Concirrus, a marine insurance analytics platform and Digital Fineprint (DFP) which makes an SME-focused lead generation and underwriting product. Concirrus uses software with artificial intelligence tech to help marine insurers move to behavioral based underwriting. The software provides behavioral analysis that considers hundreds of factors including a ship's location and speed to offer more accurate underwriting models. It accesses and interprets vast datasets, such as vessel statistics, movements, cargo and machinery information, and combines this with historical claims information to reveal the behaviors that correlate with underwriting and claims.