Next-generation insurance pricing software provider, Quantee [1], has expanded into Canadian markets after being appointed by Red River Mutual [2] to help evolve its pricing strategy.
Originally founded in 1875, Red River Mutual has grown into one of Canada's well recognized insurers in a niche of farm and residential insurance in central Canada, with over 67,000 policyholders across business, farm, and home insurance.
As a dynamic insurance provider, the long-standing firm is dedicated to protecting and positively impacting its customers, their loved ones, and the wider community, having established a credible reputation with clients, employees, and brokers alike.
Focused on maintaining a dynamic approach to market, Red River Mutual has appointed fast-growing InsurTech firm, Quantee, to deliver a new and innovative pricing strategy, underpinned by the power of AI and data science.
Dawid Kopczyk, co-founder and CEO of Quantee, explained: "Quantee enables insurers to grow their margin and optimise conversions for both renewal and new business by enabling them to offer truly personalised pricing managed in a dynamic way. As such, the platform provides insurers - and their pricing teams - with the tools necessary to compete in today's digital and fast-paced world.
Having expanded into international markets over the last 12 months, we are incredibly excited to be working with such a reputable insurance provider as Red River Mutual, and now look forward to working closely with the team to advance their dynamic pricing strategy."
Quantee delivers next-generation insurance pricing software, launched in 2021, that enables insurers, MGAs and InsurTechs to improve both the granularity and accuracy of their pricing models, delivering a significant impact on loss ratios, all while advancing unique features in risk modelling, pricing personalisation and convenient analysis.
Amanda Evenson, FCIP for Red River Mutual, added: ""We are excited to partner with Quantee. Not only are they such a progressive company in the dynamic-pricing space, but they will enable us to stay innovative while evolving our pricing strategy."
For more information, visit: Quantee [3] and Red River Mutual [4]