Quantum Insurance

What Quantum Insurance does

Quantum Insurance Ltd is a Mauritius-licensed general insurer founded in 2015 that sells motor, travel, home, bike, personal accident, and business insurance (entrepreneur/SME and corporate) direct to consumers and small businesses. The company operates a digital-first distribution model through its proprietary online quote-and-bind platform (secureseamless.quantuminsurance.com) accessible 24/7, supplemented by a phone sales line (800 9999), a walk-in office in Ebene, and a dedicated corporate relationship team for commercial accounts. Its core value proposition is competitive pricing enabled by cutting out agency commissions, combined with instant online decisions, paperless policy delivery, and bundled service add-ons delivered through partnerships with ADA (24/7 roadside assistance) and My Chauffeur Ltd (courtesy chauffeur).

Underwriting, claims, finance and customer service are run by a team of approximately 30-35 staff led by CEO Devesh Biltoo, with a board chaired by Martin Aloysius Weintz and including representation from the Hertshten Group (Ron Hertshten and Dhiresh Shah). The company is regulated by the Financial Services Commission of Mauritius under licence IS14000023 and is privately held with no disclosed funding rounds, parent company, or institutional investors beyond the Hertshten Group affiliation. Revenue is not publicly disclosed; revenue mechanics are subscription-style recurring insurance premiums with annual billing cadence, augmented by ancillary processing and claims-administration fees.

Name

Quantum Insurance

Legal name

Quantum Insurance Ltd

Website

https://quantuminsurance.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Quantum Insurance is a Mauritius-licensed general insurer (founded 2015) selling motor, travel, home, bike, personal accident, and business insurance direct to consumers and SMEs via a 24/7 online platform, phone, and walk-in channels.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Personal Auto Insurance (FSAJAMAA)

akta.pro secondary industry

Personal Accident Insurance (Injury, Disability & Income Benefit) (FSAJAJAD)

Keywords

• General insurance services
• Motor insurance policies
• Travel insurance coverage
• Home insurance products
• Commercial insurance solutions

Headquarters

HQ city

Ebène

HQ country

Mauritius

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premiums: Primary revenue from insurance premium payments. Customers pay recurring premiums (typically annual or monthly) for coverage across motor, travel, home, bike, and personal accident insurance products. The company eliminates middleman/agency commissions to offer competitive pricing.
2. Processing Fees: Revenue from processing claims and administrative services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Quantum Insurance is a Mauritius-based general insurer that sells car, travel, home, bike, personal accident, and business insurance policies through its own digital platform. Customers can obtain an instant quote, complete a purchase, and receive policy documents online 24/7, with additional support via phone, walk-in office, and a dedicated corporate relationship team for SME and enterprise clients. The company underwrites its own policies and acts as the policy-issuer rather than as a broker or marketplace.

Product overview

Quantum Insurance is a Mauritius-based direct-to-consumer insurance company launched in 2015, offering a digital-first insurance platform where customers can purchase and manage policies online 24/7. The product portfolio consists of six core insurance products: Car Insurance, Travel Insurance, Home Insurance, Bike Insurance, Personal Accident Insurance, and Business Insurance (serving both Corporate and Entrepreneur/SME segments). Car Insurance serves as the primary product with extensive customizable add-on modules including roadside assistance, courtesy chauffeur service, medical coverage, and vehicle protection options. All products are distributed through the company's proprietary online platform (secureseamless.quantuminsurance.com), over the phone, and at their Ebene office location.

Differentiator

Problem solved

Functional benefit

Products and services

• Car Insurance Full car insurance policy with customizable coverage options available for online purchase 24/7, including optional extras such as roadside assistance, courtesy chauffeur service, windscreen replacement, medical expenses, and personal belongings coverage. Targeted at individual vehicle owners in Mauritius seeking comprehensive or third-party cover.
• Travel Insurance Travel insurance covering single trips up to 180 days and annual multi-trip policies for frequent travelers, with coverage available up to age 75. Covers medical expenses, trip cancellation, baggage loss, flight delays, and emergency evacuation for individuals and families traveling domestically or internationally.
• Home Insurance Comprehensive home insurance covering building structure, contents, personal effects, and personal liability. Includes additional benefits such as emergency home assistance, accidental glass breakage, food spoilage, pet cover for dogs and cats, and rental cost coverage during home repairs. Targeted at homeowners and renters in Mauritius.
• Bike Insurance Comprehensive motorcycle and scooter insurance with 24/7 roadside assistance, medical expense coverage for riders, death and permanent disablement benefits up to MUR 500,000 per rider, and customizable excess options. Targeted at two-wheeler owners in Mauritius.
• Personal Accident Insurance Personal accident coverage providing compensation for accidental death, permanent total disablement, and medical expenses worldwide when the policyholder's main residence is in Mauritius, with an age limit of 65 years for new policies and renewal.
• Corporate Business Insurance Tailored business insurance for commercial and corporate entities, providing coverage based on technical business requirements and comprehensive coverage needs. Serves larger Mauritian corporate clients with complex insurance requirements through dedicated corporate relationship managers.
• Entrepreneur / SME Insurance Entry-level insurance cover designed for small and medium enterprises and entrepreneurs in Mauritius, providing essential business protection for new and growing businesses with coverage for commercial property, liability, business interruption, and related risks.

Quantifiable outcome

• Policy documents delivered in real-time upon purchase
• +1 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Assistance et Dépannage aux Automobilistes Ltée (ADA)coreTechnology or IntegrationADA provides 24/7 roadside assistance services for Quantum Insurance motor policyholders. Services include express breakdown services for mechanical/electrical issues, towing, emergency key assistance, and taxi services. Available 24/7 for policyholders needing roadside support.
• My Chauffeur LtdcoreTechnology or IntegrationMy Chauffeur Ltd provides the Courtesy Chauffeur Service for Quantum car insurance customers. Services include emergency replacement vehicle at accident sites, free driver service for driving cars to approved repairers, and preferential rate services for personal requirements.
• Actuarix Consulting Ltd (formerly Aon Mauritius)minorOthersBernard Kwok Yin Siong Yen previously served as Managing Director of Aon Mauritius (now Actuarix Consulting Ltd), providing actuarial and financial services consulting. Currently serves as Independent Director at Quantum.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Others

• Roopra Insurance Brokers: Mauritian insurance intermediary. Listed as a peer because Quantum competes directly with broker-channel distribution; brokers are the legacy channel Quantum is disintermediating.

Direct peers

• Mauritius Union Assurance Cy. Ltd: Long-established Mauritian general insurer offering motor, home, and personal accident coverage. Quantum's marketing manager previously worked here; competes head-to-head in personal lines and SME segments.
• La Prudence Mauricienne Assurance Ltée: Historic Mauritian insurer offering general insurance lines. Quantum's CEO previously held senior underwriting and management positions at La Prudence before joining Quantum, evidencing direct competitive overlap in product portfolio.
• Eagle Insurance Limited: Mauritian general insurer providing motor, home, and commercial products. Quantum's current Finance Manager previously held the Finance Manager role at Eagle Insurance, indicating direct talent and competitive overlap.
• Swan General Ltd: One of Mauritius' largest general insurers, offering motor, home, travel, and commercial lines. Directly comparable to Quantum as a multi-line general carrier in the same Mauritian market; Quantum's underwriting team previously worked at Swan.

Broad incumbents

• State Insurance Company of Mauritius (SICOM): State-affiliated general insurer in Mauritius offering a comprehensive portfolio including motor, home, and personal lines. Larger and more established than Quantum, but competes across the same customer segments.
• Old Mutual Mauritius: Africa-focused financial services group with insurance operations in Mauritius. Comparable as a broader incumbent offering general insurance products including motor and home in the same market.
• Allianz Mauritius: Global insurer with Mauritius presence offering motor, home, and travel coverage. Operates as a broad incumbent offering overlapping capabilities across Quantum's product lines but with a wider regional portfolio.

Regional players

• SBI (Mauritius) / General Insurance portfolio: Indian Ocean regional insurer with Mauritius presence offering general insurance. Comparable as a regional carrier competing for cross-border travel and commercial customers in the same market.
• Hollard Insurance Mauritius: Pan-African insurer with Mauritius operations covering motor and personal lines. Comparable as a regional player serving the same Mauritian customers with a multi-line general insurance offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/quantum_ins
• Facebookfacebook.com/ourQuantumInsurance
• LinkedInlinkedin.com/company/quantum-insurance-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quantum Insurance