Quantee: implement smarter pricing with this next-gen platform
The current digital age impacts the insurance pricing departments. To successfully compete in this rapidly changing environment, insurers need to get rid of fragmented and outdated pricing architecture. Quantee can help insurers by providing the tools necessary, powered by AI and data science. Quantee helps insurers, MGAs and insurtechs across P&C and Health markets to improve the granularity and accuracy of pricing, deliver more targeted results, enable instant deployment of pricing as well as monitor performance in real time.
Quantee is a dynamic, comprehensive, flexible and advanced pricing platform. It empowers users to build and deploy advanced pricing models within hours with an end-to-end solution which is delivered in a SaaS offering. These advanced pricing models and optimization algorithms help to achieve greater pricing accuracy and drive results.
Quantee is live in 6 countries, partnering with insurance companies such as InterRisk, RedRiver Mutual, DKV Seguros and Insuristic across multiple lines of business.
How it works
Quantee provides a SaaS offering which consists of two modules; Pricing Design Module and Price Execution Module. These combine for an end-to-end pricing solution designed for pricing, for removing fragmented and inefficient architecture for improved efficiency and for speed to market. It utilises automation technology to remove mundane and repetitive tasks, allowing actuaries/pricing teams to focus on analysis and decision-making. It possesses explainable AI to build more powerful models whilst keeping full transparency of the results.
Why did we choose Quantee for ITC DIA Europe 2023?
Quantee is flexible and can build any type of pricing model, including full Machine Learning. It has many possibilities because users can write their own plugins and collaborate with external sources or Python models.
Dawid Kopczyk, CEO and Co-Founder of Quantee will take the Show & Tell Stage at ITC DIA Europe to talk about its Pricing Design and Execution.
Who is Quantee?
Established in 2018 in Poland, Quantee was founded by Dawid Kopczyk and Mateusz Gintrowski to enable insurers, MGAs and InsurTechs to improve both the granularity and accuracy of their pricing models, delivering a significant impact on loss ratios.
Quantee is showing strong growth, having increased its annual recurring revenue by over 100% in the last 12 months, while increasing market share across Europe, North America and most recently APAC. Quantee secured a seed investment from Nunatak Capital and FundingBox Deep Tech Fund.
Quantee is supported by an experienced and proven advisory board of insurance professionals, including David Schapiro, Stuart Middleton, and Peter Törnquist.
“Quantee is the platform that we wished we had in our previous roles in insurance companies”Dawid Kopczyk, Founder & CEO, Quantee.