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Quantee Forms New Partnership With Socotra to Expand Global Market Presence
Quantee, has formed a new partnership with Socotra to make its next generation pricing platform widely available to insurers on a global scale.
Founded in 2014, Socotra created the first cloud-native policy administration system for insurers and today empowers insurers to quickly connect to an ecosystem of a wide array of technology solutions that improve every aspect of the insurance value chain, ranging from data providers and platforms, through to payment processing, claims user interfaces, and third-party app publishers.
An innovative next-generation insurance pricing platform, Quantee enables insurers, MGAs, and InsurTechs to improve both the granularity and accuracy of their pricing models, while delivering significant impact on loss ratios.
In partnering with Socotra, the Quantee platform will now be available to a global audience, enabling users on an international scale to benefit from hyper-personalised pricing capability and improved speed to market.
Scott Holmes, Sales Director UK & Ireland at Quantee, confirmed: “We are delighted to be joining Socotra, a pioneer in the insurance software industry. Not only will this partnership allow customers globally to benefit from the latest in insurance pricing technology through the Quantee solution and continue to drive innovation in market niches, it will also enable us to reach new users on a global scale.”
“Socotra is pleased to partner with Quantee to deliver this industry-leading pricing solution,” said Michael Benayoun, Director of Partnerships at Socotra. “Their commitment to enable insurers, MGAs and InsurTechs to innovate their pricing capabilities through their innovative solution makes them an ideal partner for Socotra. Together, we will help modernise the insurance industry while delivering unparalleled value to our joint customers.”
Underpinned by an advanced technology stack, Quantee’s open architecture and vast integration options enable insurers to benefit from the power of AI. During 2022, the innovative platform experienced impressive growth, scaling annual recurring revenue by 100%.
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