Quotech

Quotech is a UK-based insurtech startup founded in 2020, focusing on providing practical and efficient technology solutions for insurance underwriting and broking teams. The company's slogan - "Truly useful technology solutions for insurance underwriting and broking teams" - reflects its commitment to delivering valuable tools for the insurance industry.

Quotech's founder, an experienced syndicate and MGA underwriter who is also a programmer, brings a unique perspective to the company. This firsthand understanding of re/insurance processes enables Quotech to develop insurance technology applications that significantly enhance and streamline workflows, making data-fueled processes more efficient for commercial underwriters and brokers.

The company's systems are designed to gather and process data from multiple sources, storing it in a unique Corporate Data Treasury to provide a single, reliable source of truth. Quotech's custom-built applications are tailored to meet the specific needs of each client, improving accessibility to the necessary data and supporting various functions from data entry to documentation, pricing, distribution, administration, claims, and trading.

Quotech recently secured a £1.00M Seed Round investment on August 5, 2022, from Convex Group, signifying investor confidence in the company's innovative approach and solutions within the insurance and insurtech industries. The company's ability to provide unique, flexible, and interconnected installations has led to a high level of customer satisfaction.