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…
Rob Davies
Head of Security Risks, Convex
“Quotech is a dream tool for underwriters. It is a database, rating engine, policy document producer and auditor all in one place. The risk of underwriting breaches is virtually zero, leading to great peace of mind. The speed with which we can service our clients by using Quotech has won us significant amounts of business, and respect with our brokers. The service levels we get from Quotech are off the scale good, and it is a partnership that gives me great confidence and pleasure.”
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.”
Charlie Hanbury
Chief Executive, Samphire Risk
"We partnered with Quotech as a new, start-uo MGA, looking to build our products and service from the ground up with no legacy systems or processes. In Quotech we found people that understood the insurance market and specifically the MGA space; they of course understood the tech too! Too many times we encountered providers that were either/or in terms of tech and/or insurance understanding. Our iteration of Quotech provides us with multi-product, multi-capacity scope and a very strong capability in terms of underwriting controls. It allows us to provide exceptional service to clients and brokers, and proper comfort to our backers that their capital is being deployed in a controlled manner."
James Havard
Head of Exposure Management - Convex
“The DisasterAWARE real-time data feed we reiceve from Quotech provides alerts that allow us to monitor potential loss events around the world as they unfold. That makes us better informed than ever before; we can actually get ahead of the standard information sources we currently rely on, and see almost instantly the potential impact of a brewing disaster on our world-wide portfolio.”
Alistair Blundy
Chief Executive, Skyrisks
"After years of using a legacy underwriting system, with more and more systems layered on top in a painful technological mess, I wondered what it would be like if someone built a system from scratch that does it all. Quotech is the answer to that question. It's a pleasure to use and the team at Quotech have the best service I've ever received from a tech company."
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.”
