Smart pricing specialist Quantee, has more than doubled its annual recurring revenue within just 12 months after expanding into international markets.
Established in 2018, Quantee has developed next-generation insurance pricing software that enables insurers, MGAs and InsurTechs to improve both the granularity and accuracy of their pricing models, delivering a significant impact on loss ratios, all while advancing its unique features in risk modelling, pricing personalisation and convenient analysis. As a result, Quantee has increased its annual recurring revenue by over 100%, accelerated headcount from 15 to 25 insurance specialists and developers, while fully entering and increasing market share across the UK, Spain, and Poland.
This comes nearly 10 months after Quantee secured a seed investment from Nunatak Capital and FundingBox Deep Tech Fund, with the firm now on an exciting trajectory for growth for 2023 and beyond.
Dawid Kopczyk, co-founder and CEO of Quantee, confirmed: “My colleague Mat and I co-founded Quantee with a clear mission to help insurance companies to optimise their processes with explainable AI and data science. Essentially, we created the platform that we wish we had in our previous roles within the insurance sector.
The last year has proven to be an incredibly exciting time for the business as have attracted and acquired new talent, expanded our reach and sales activity into multiple European markets and, most importantly, welcomed new users onboard who now benefit from delivering truly personalised pricing to optimise conversion for both renewal and new business. And, with a 300% increase in growth forecast for 2023, we have another exciting year ahead – watch this space.”
Underpinned by an advanced tech stack, Quantee open architecture and vast integration options enable insurers to benefit from the power of AI. Headquartered in Warsaw, Poland, the firm is supported by an experienced and proven advisory board of insurance professionals, including David Schapiro, Stuart Middleton, and Peter Törnquist.
For more information, visit: https://www.quantee.ai
Be the first to comment