Quotech provides a custom-built platform for underwriters and brokers that integrates powerful APIs, automated document delivery, and real-time data management to streamline the underwriting process. By eliminating inefficiencies and consolidating essential information, Quotech enhances operational efficiency and reduces the time spent on mundane tasks.
Funding
$1.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Underwriters and brokers often struggle with inefficient workflows due to disparate systems, manual document handling, and a lack of real-time data integration. This leads to wasted time, increased operational costs, and potential for errors in the underwriting process.
Solution
Quotech provides a suite of custom-built platforms designed to streamline and optimize the underwriting and broking process. The platforms integrate powerful APIs, automate document delivery, and offer real-time data management, all within intuitive user interfaces. By consolidating essential information and automating mundane tasks, Quotech eliminates process bottlenecks, reduces the risk of underwriting breaches, and provides a single source of truth through its Corporate Data Treasury. Quotech offers solutions for underwriting, exposure management, and data management.
Target Audience
Quotech primarily serves underwriters, brokers, MGAs, and risk carriers in the commercial insurance sector seeking to improve efficiency, reduce operational costs, and enhance data-driven decision-making.
Features
- Seamless connectivity with internal and external systems through powerful APIs
- Built-in Lloyd’s risk codes and underwriting authorities
- Automated bordereaux compilation and instant document delivery
- Customizable front-end interfaces tailored to user roles
- Corporate Data Treasury for a single source of truth
- Real-time data streams from DisasterAWARE Pro for early warnings on global catastrophes
- AI-enhanced satellite imagery of property risks from TensorFlight
- Low-code platform (Quant) enables underwriting teams to build and amend their own rating engines
- Quex platform supports the Open Exposure Data (OED) standard for seamless integration with other platforms