Quotech
Quotech is a London-based insurTech that builds custom, cloud-based underwriting (Risque) and exposure management (Quex) platforms for MGAs, specialty insurers, and brokers in the Lloyd's and London company market, selling on an enterprise subscription basis.
- Company typePrivate
- Founded2020
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Quotech does
Quotech is a London-based insurTech founded in 2020 by Guillaume Bonnissent, a former Lloyd's Chief Underwriting Officer, to address the absence of purpose-built underwriting technology in the specialty and London market. The company designs and builds two principal cloud-based platforms from a low-code architecture: Risque, an underwriter-designed underwriting workbench with built-in authority controls, automated documentation, broker portal, and the Corporate Data Treasury single source of truth; and Quex, an exposure management platform with lightning-fast property exposure calculation, unlimited location analysis, OASIS OED compliance, and live cat monitoring via DisasterAWARE Enterprise. A marine variant (Risque Marine) extends the workbench to multi-currency, fleet-level marine underwriting, and an AI-powered underwriting platform is being co-developed with Provectus for Kinetic Insurance Services, Convex's new MGA.
Quotech sells on a custom enterprise subscription basis (annual billing, quote-based pricing) to MGAs, specialty insurers, and brokers, supplemented by third-party data resale (TensorFlight imagery, DisasterAWARE cat data, Sea-web) and implementation professional services. Go-to-market is sales-led and relationship-driven, leveraging the founder's Lloyd's pedigree and a content engine (Insurance Technology Diary, case studies, FASE event presence) for inbound demand. The customer base is small but high-quality, including Convex (also a 7.7% strategic investor), Howden, DUAL, Volt Underwriting, Skyrisks, K&R Risks, Samphire Risk, Ai-Marine, and Pinpoint.
The team is a decentralised remote group of roughly ten specialists, and the company has raised £1 million in a single angel/strategic round in August 2022. Quotech is ISO/IEC 27001:2022 certified (March 2026, zero non-conformities) and operates primarily in the UK and EMEA specialty insurance market, with stated intent to expand into the US and broader Europe.
Quotech firmographics
Firmographics- Name
- Quotech
- Legal name
- Quotech Ltd
- Website
- https://quotech.io
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Quotech is a London-based insurTech that builds custom, cloud-based underwriting (Risque) and exposure management (Quex) platforms for MGAs, specialty insurers, and brokers in the Lloyd's and London company market, selling on an enterprise subscription basis.
- Ownership category
- akta.pro rank
Quotech industry classification
Industry- Product category
- Insurance Technology Software (InsurTech)
- NAICS
- Software Publishers (5132)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industry
- Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK)
Keywords
Where Quotech is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Quotech business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Custom Technology Platform Subscriptions: Custom-built underwriting and exposure management platforms sold on a subscription basis to MGAs, insurers, and brokers. Each platform is tailored to the client's specific needs, with ongoing support and development.
- Data Products and Third-Party Data Resale: Resale of third-party data including TensorFlight property risk imagery, DisasterAWARE Enterprises catastrophe data, and OASIS OED data alongside Quex platform subscriptions.
- Professional Services and Implementation: Implementation, configuration, and ongoing professional services related to custom platform deployment and integration with client systems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom enterprise pricing — platform subscriptions tailored to client requirements |
Go-to-market motion3 records
Distribution channels1 record
Marketing channels5 records
Quotech product offering
Product offeringCore offering
Quotech builds custom cloud-based insurance technology platforms for the specialty insurance market. Its core products are Risque (an underwriter-designed underwriting workbench) and Quex (an exposure management platform), both supported by a unique Corporate Data Treasury. The company serves MGAs, insurers, and brokers — particularly in the Lloyd's and London company market — with bespoke, low-code, API-first platforms that automate underwriting workflows, document generation, and exposure monitoring.
Product overview
Quotech is an underwriter-led insurTech that builds a unified technology platform for the global specialty insurance sector. The platform encompasses two principal branded products: Risque (the underwriting workbench) and Quex (the exposure management platform), both supported by a unique Corporate Data Treasury that serves as a single source of truth. Risque Marine extends the underwriting platform for marine insurance use cases. An AI-powered variant of the platform was built in partnership with Provectus for Kinetic Insurance Services, adding AI-driven submission triage, risk profiling, and rating development. All products share API connectivity, automate document and bordereaux production, and are integrated with curated third-party data sources including Disaster AWARE Enterprise, Tensorflight, Oasis OED, and Sea-web.
Differentiator
Problem solved
Functional benefit
Brands
- Risque: Underwriting workbench platform for underwriters with built-in underwriting controls, user-defined workflows, direct third-party data, automated documentation, broker portal functionality, and comprehensive corporate data treasury.
- Quex
- Corporate Data Treasury
Products and services
- Risque (Underwriting Workbench) Risque is Quotech's underwriting management platform — an underwriter-designed workbench that automates documentation, workflows, and bordereaux while delivering the right data to the right person at the right time. Features include built-in underwriting controls, user-defined workflows, direct third-party data enrichment, automated documentation (quotations, policies, invoices), broker portal functionality, and a Corporate Data Treasury providing a single source of truth. It is built for specialty MGAs, insurers, and brokers operating in the Lloyd's and London company market.
- Quex (Exposure Management Platform) Quex is Quotech's exposure management platform designed for risk carriers of all sizes. It provides lightning-fast property exposure calculation, unlimited location analysis displayed on maps, live portfolio monitoring for catastrophe event impact, OASIS Open Exposure Data (OED) standards for data compatibility, flexible user-defined reporting, and integration with third-party data sources including Disaster AWARE Enterprise (catastrophe monitoring) and TensorFlight (property risk imagery).
- Risque Marine Risque Marine is a variant of the Risque underwriting platform tailored for the marine insurance sector. It provides multi-currency policy handling on a single policy, fleet-level endorsements, built-in lineslip and consortia capabilities, connected Sea-web database access for vessel and maritime data, amendable underwriting controls, and real-time on-screen reporting of actuals against targets. Deployed for DUAL Marine Europe.
- AI-Powered Underwriting Platform (Kinetic Insurance Services) AI-driven underwriting platform built in partnership with Provectus for Kinetic Insurance Services (Convex's new MGA platform). Combines sophisticated AI with first-hand MGA process knowledge to deliver intelligent data capture, OASIS OED data normalisation, AI-powered submission triage and routing, AI-powered risk profiling, underwriting workbench with authority controls, API-connectable quote & bind functionality, AI-assisted product/rating development, real-time cat monitoring, and automated premium accounting.
- Data Solutions Quotech's Data Solutions offering provides curated third-party data streams integrated into its platforms, including Disaster AWARE Enterprise (catastrophe monitoring from Pacific Disaster Center), TensorFlight (property risk imagery from satellite, aerial, and ground-level sources), and access to the Sea-web marine database, alongside internal data enrichment capabilities. Offered as a component of the Quotech platform ecosystem for MGAs, insurers, and brokers.
Quantifiable outcome
- Underwriters do more, more easily and faster
- +6 more outcomes
Companies that use Quotech
Customer profileNamed customers7 records
Segments1 record
Ideal customer profiles2 records
Quotech technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability7 records
Feature6 records
Quotech partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, key and supporting.
- ProvectuscoreQuotech and Provectus partnered to deliver AI-powered underwriting technology to Kinetic Insurance Services, the new MGA platform launched by Convex. Provectus is an AI-first systems integrator with 15+ years delivering AI to production. The partnership combines Quotech's insurance market expertise with Provectus's AI capabilities to build an AI-driven underwriting platform featuring intelligent data capture, OASIS OED normalisation, AI-powered risk profiling, underwriting workbench with authority controls, quote & bind functionality, and AI-assisted product/rating development.
- Oasis Loss Modelling FrameworkkeyQuotech adopted the OASIS Open Exposure Data (OED) standard within Quex, enabling seamless integration with catastrophe models built on the Oasis platform. Partnership supports the goal of creating a free, effortless, and unbiased data ecosystem for the global risk sector.
- TensorFlightkeyPartnership bringing high-resolution property risk data from satellite, aerial, and ground-level imagery into Quotech platforms via API. TensorFlight's convolutional neural network delivers building data including geolocation, square footage, materials, conditions, and roof pitch. Data enhances both individual risk assessment and aggregate exposure analysis for underwriters.
- DisasterAWARE Enterprise (Pacific Disaster Center)keyPartnership integrating real-time global catastrophe data from DisasterAWARE Enterprise into Quotech platforms. Provides early warning system for natural and man-made catastrophes affecting insured locations in clients' portfolios.
- Sea-web (IHS Markit)supportingConnected access to Sea-web database within Risque Marine platform for marine underwriters to access vessel and maritime data as part of the underwriting workflow.
Scale indicators5 records
Recent moves6 records
Expansion highlights7 records
Quotech competitors and assessment
Company assessmentBroad incumbents
- Guidewire Software: NYSE-listed core insurance platform serving P&C insurers with policy administration, underwriting, claims, and billing. Broad incumbent in the same insurance core systems space as Quotech's Risque underwriting workbench, though Guidewire focuses on mainstream P&C carriers rather than London-market specialty MGAs.
- Duck Creek Technologies: Public insurance SaaS provider offering policy, billing, claims, and analytics for P&C insurers. Competes with Quotech in core underwriting and policy administration technology, but with a SaaS template-based model aimed at mid-market and large carriers rather than the custom-built specialty MGA segment.
- Verisk Analytics: Large data, analytics and insurance-specific software provider with products spanning underwriting data, exposure analytics, and claims (e.g., Sequel, Whitespace). Competes with Quotech on exposure management and data enrichment, and is the prior employer of Quotech PM David Pay (Verisk Whitespace).
Direct peers
- Sapiens International: Global insurance software provider offering P&C and L&H core systems, reinsurance, and digital engagement platforms. Directly competes with Quotech in insurance core platforms and reinsurance administration, with broader scale and a more template-led delivery model.
- Insurity: Insurance software and analytics vendor serving P&C carriers and MGAs with policy admin, billing, claims, and analytics suites. Direct competitor to Quotech in MGA-facing core systems, with a broader but less specialty-Lloyd's-focused product set.
- OneShield Software: Insurance core systems provider for P&C carriers and MGAs, offering policy administration, billing, and claims. Directly comparable to Quotech's Risque underwriting workbench for MGAs and specialty carriers, with similar mid-market and MGA customer base.
- Relay Platform: Insurtech enabling instant commercial insurance placement across multiple carriers via APIs. Closely comparable to the consortium / multi-carrier capacity initiative Quotech built for Howden Re and to the broker portal functionality of Risque.
- Tarmika: Commercial insurance quoting and underwriting workflow platform for agents and small-commercial carriers. Comparable to Quotech's low-code rating and underwriting automation, though Tarmika focuses on US small commercial rather than London-market specialty.
- EIS Group (now part of Majesco): Cloud-native insurance core platform serving large P&C and L&H carriers with policy administration, billing, and claims. Directly comparable to Quotech's Risque in core insurance software, with broader scale and a more standardized delivery model.
Others
- Provectus: AI-first systems integrator with deep insurance engagements, partnered with Quotech on the Kinetic Insurance Services AI underwriting platform. Adjacent ecosystem participant — not a direct competitor, but a peer in the AI-for-insurance category and a partner that could become a competitor if it builds proprietary products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Quotech social profiles
Digital presenceQuotech compliance and trust
Trust signalCompliance1 record
Quotech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Quotech leadership team
Management profileNumber of profiles
Profiles10 records
Quotech funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Quotech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Quotech
What does Quotech do?
Quotech builds custom cloud-based insurance technology platforms for the specialty insurance market. Its core products are Risque (an underwriter-designed underwriting workbench) and Quex (an exposure management platform), both supported by a unique Corporate Data Treasury. The company serves MGAs, insurers, and brokers — particularly in the Lloyd's and London company market — with bespoke, low-code, API-first platforms that automate underwriting workflows, document generation, and exposure monitoring.
Is Quotech a public or private company?
Quotech is a private company. It is classified as venture growth investor backed and is currently operating.
When was Quotech founded?
Quotech was founded in 2020. It employs 1 to 10 people.
Where is Quotech based?
Quotech is headquartered in London, United Kingdom, in the Europe region.
How does Quotech make money?
Three revenue lines are on record. Custom Technology Platform Subscriptions are the primary driver. The others are data Products and Third-Party Data Resale and professional Services and Implementation.
Who are Quotech's main competitors?
Broad incumbents on record are Guidewire Software, Duck Creek Technologies and Verisk Analytics. Direct peers are Sapiens International, Insurity, OneShield Software, Relay Platform, Tarmika and EIS Group (now part of Majesco). Provectus is listed as an others.
Does Quotech have an API?
Yes. Quotech platforms offer API connections to link with external platforms and third-party data sources. Features include API-connectable quote and bind functionality, instant upload via API, and real-time data ingestion from external systems. Quex exposure management supports easy CSV file upload, instant upload for Quotech Risque users, and API-based data ingestion. Risque underwriting workbench provides API connections to almost any other platform or third-party data source, inside or out.
What industry is Quotech in?
Quotech's product category is Insurance Technology Software (InsurTech). Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAK, Document, Workflow & Policy Servicing Automation (RPA/No-Code). Its NAICS code is 5132 and its SIC code is 7370.