Quotech’s Big Story.
An insurTech with a big difference.
Since Cuthbert Heath scoured the British Library for geological maps and records to inform his famous earthquake rating book, data has been key to the insurance process.
Technology allows more data to be used in every part of the insurance value chain, and to capture, sift, and make sense of the tidal wave of numbers produced by almost every action, human and natural.
Many insurance technology companies have developed systems that parse, label, collate, and store data, but on its own that doesn’t help anyone to do their job more efficiently. Systems are most helpful when they simplify the complexity of data to make it more easily useful within underwriting, broking, accounting, compliance, and other processes.
Quotech’s takes
insurance technology to the next level.
Because founder Guillaume Bonnissent is an experienced London underwriter as well as a programmer, Quotech is able to make data-fuelled processes dramatically more efficient for commercial underwriters and brokers. Because Quotech understands commercial re/insurance processes first hand, we are able to create truly useful insurance technology applications. Because Quotech knows the business from the front line, we know how to make platforms that make life easier for underwriters and brokers.
Quotech makes
systems that improve efficiency.
Quotech systems ingest data from multiple sources, pull out what’s helpful, store it in a unique Corporate Data Treasury to provide a single source of truth, then make it easily accessible to underwriters, brokers, and others who need. This is achieved through intuitive, practical applications, custom-built for each client, which work end-to-end, from data entry to documentation.
Quotech strips out
the complexity of data and systems.
Quotech portals not only deliver data, but incorporate it into embedded tools that support pricing, distribution, administration, claims, and trading. The complexity of data is consigned to the Treasury; the portals provide only a window on the relevant data. This removes complexity for the user by presenting each with only the bits they care about. From each window, data can be saved, amended, and interrogated almost effortlessly. Relevant standards (such as Lloyd’s risk codes) are adopted throughout, and relevant ancillary functions (such as individuals’ authorities) may be built in, too.
Quotech systems
connect.
In a market, data must be shared. Quotech understands the workflows which demand data sharing, and designs systems with this sharing in mind. These systems can be used as stand alone platforms, or enhanced to link with others through APIs, whether internally, or with business partners, markets, or distributors.
- Every Quotech installation is unique.
- Every platform is designed to enhance and streamline workflows.
- Every Quotech customer is satisfied.
But you don’t have to take our word for it…
Tom Gauge
Executive Director, Howden Reinsurance
“We wanted an online platform to support our Syndicate-to-Syndicate market facility, and naturally had some ideas about what it would have to do. The great thing about getting Quotech is not just that it came in on time, on budget, and is blisteringly easy to use, or that it does all of the things we wanted it to, but that it also does things we hadn’t even thought of ourselves. Quotech understood what we wanted, what it had to do, and why, and spotted potential enhancements and difficulties really early on. I think that’s because it was designed and built by an actual portfolio underwriter, which probably accounts for a big part of the Initiative’s immediate success. If the platform was clunky or complicated, there’s no way we would have ended up with so much market interest and enthusiasm for the facility.”
Stuart Bisson
Senior Underwriter - Kidnap & Ransom, Convex
“Quotech does exactly what I had hoped technology would do for me as an underwriter. It pulls together the data, which saves an enormous amount of time. It fills out the paperwork and checks the authorities. But it doesn’t take over, either; it helps me do my job, but it doesn’t do it for me. Plus it linked-up really smoothly with the rest of the systems here, and it’s really easy to operate. The learning curve wasn’t too steep. I’m really happy with it; you can tell it was built by an underwriter.”
