Poland’s InsurTech startup Quantee announced on Monday it has teamed up with Zurich Insurance Group in a move set to revolutionize insurance pricing. The partnership aims to enhance Zurich’s pricing accuracy and offer personalized insurance policies tailored to individual customer data.
This collaboration also marks a significant step towards more sophisticated and personalized insurance pricing. Zurich will leverage Quantee’s advanced platform to refine its pricing models, ensuring greater precision and customization. The collaboration involves various stakeholders across Zurich, to drive innovation in pricing strategies to benefit customers and stakeholders alike.
With this partnership, Quantee and Zurich are poised to set new standards in the insurance industry, combining technological innovation with a customer-centric approach to deliver unparalleled value.
“Quantee provides a state-of-the-art, flexible platform that blends traditional and AI-driven techniques, catering to end-to-end user journeys. Moreover, it offers a customizable integration approach that aligns well with our technology roadmap, enabling us to meet both current and future business needs,” said Christian Westermann, Group Head of AI at Zurich.
Zurich Insurance Group, a global leader in multi-line insurance, was founded over 150 years ago. In 2023, the company’s global Gross Written Premium exceeded $70 billion, underscoring its prominence in the industry.
Founded in 2018 by Dawid Kopczyk and Mateusz Gintrowski, the Warsaw, Poland-based Quantee made a splash in 2022 after raising a $700,000 Seed round led by Nunatak Capital, with participation from FundingBox DeepTech Fund, to disrupt the insurance pricing domain.
“The collaboration with Zurich, a leading global insurer, recognized in the industry for its technological excellence, commitment to customer experience and unparalleled drive for innovation, is the best testimonial to the breakthrough solutions and the unique value that Quantee’s pricing software provides,” Kopczyk said.
Quantee’s AI-based dynamic insurance pricing engine allows insurance companies to build and deploy competitive tariffs up to ten times faster than traditional methods, with real-time management capabilities. The platform is already utilized by multiple local insurers and major insurance groups across Europe.
Quantee Team
