Andy Yeoman co-founded Concirrus in 2012 following a long and successful track record in telematics and extensive experience of fast-growth business strategies, turnarounds, mergers and acquisitions. Before Concirrus he worked with Trimble Navigation, where, as managing director, he expanded the business across Europe, America and Asia.
Yeoman has spent many years working with commercial and personal lines insurers to transform their businesses through technology. As a result, he has established himself as an IoT thought leader and is passionate about the new business models that technology can unlock for insurers and their customers.
Concirrus is pioneering a real-time, behavioral approach to underwriting and risk management, made possible by technology like IoT, ubiquitous and near-free communication and cheap computing.
Focused on commercial marine and personal lines motor, Concirrus’s software, Quest, accesses and interprets large sets of behavioral and situational data and combines this with an insurer’s own information to reveal the behaviors that correlate to claims. This presents exciting opportunities for insurers to offer enhanced, customer-centric products, reduce losses and operating costs, increase profit margins and build more collaborative relationships with brokers and customers.
Yeoman is also the cofounder of Youtoggle, holds non-executive directorships and chairman roles and regularly advises the venture capital and private equity community.