Quantemplate

insurtechsoftware/whitelabel/apis-insurtechbig data analyticsartificial intelligence/machine learning

FOUNDING YEAR: 2013
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

QuanTemplate is an insurance technology company formed by experienced re/insurance professionals and world-leading computer scientists, bringing the latest innovations in data and analytics to the insurance industry. The company delivers technology solutions for the key issues surrounding distribution, bordereaux management, underwriting performance and regulatory reporting. The QuanTemplate platform takes clients from their raw data, through to actionable insights, utilising all proprietary software, comprising Data Integration Tools integrated within a high-performance data infrastructure, and analytics and reporting environment.

MEDICI Analysis

Quantemplate is a revolutionary marketplace, communications, and enterprise workflow technology that offers a secure web-based platform for trading risk, regulatory reporting, and creating financial models for use across the reinsurance market. Through Quantemplate, underwriters and brokers can conduct all operational activities required to trade in the insurance market while optimizing their risk in real time, all the time.

Focus

PRODUCTS & SERVICES

The platform offers Insurance data management & analytics solutions. Quantemplate uses machine learning which gets smarter over time and empowers companies to spend more time analyzing & less time money manipulating. It allows users to assess more deals, bind more business, and feed downstream processes as well as provides solutions to underwriters to help them make sense of their portfolio data from premiums and claims, identify the most or least profitable risks, measure & monitor underwriting performance, and organize reports to comply with management or regulatory reporting such as Solvency II Pillar 3.

REVENUE MODEL

Multi-year software licence

MAIN CLIENTS

Insurance Companies

PRIMARY PROBLEM SOLVED

Helping insurance and reinsurance companies bring their data together to give them a consistent view of their business. We use our proprietary technology provide solutions in the areas of distribution, bordereaux management, underwriting performance and regulatory reporting.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

COMMENT

Quantemplate enables business users to take raw data sources, cleanse and harmonize them with tools powered by machine learning, then perform analysis to develop competitive advantage through proprietary insights. Leading insurance businesses use Quantemplate to grow their business, collapse their costs, and enable digital transformation (Dec. 2017).

Traction

REVENUE COMMENT:

The company claims that it has grown by 500% during the last 12 months

TRACTION COMMENT:

The company is growing its commercial presence in the United Kingdom, the United States, and European markets with leaders in Life and P&C sectors, as well as major reinsurers, signing multi-year agreements (Dec. 2017).

People

FOUNDERS

Adrian Rands

Marek Nelken

BOARD MEMBERS AND ADVISORS

Yann Ranchere

Dan Dall'Asta

Egbert Bierman

Ron Carlier

David Lundgren

Adrian Rands

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Allianz X

Anthemis Group

Columbia Lake Partners

Route 66 Ventures

Transamerica Ventures

KEY EMPLOYEES:

David Lundgren (CEO); Adrian Rands (Chairman); Marek Nelken (CIO); Andre Brantom (CTO); Scott Quiana (Head of Sales US); Graham Chesney (Head of Sales EMEA); Tom de Gay (Head of Design); Iain Davie (Head of Solutions Architecture).

Momentum

FUNDED

YES

TOTAL FUNDING

$25.61 M

DATE OF LAST FUNDING

Dec 2017

TOTAL FUNDING COMMENT

The company is using the funds to accelerate its expansion plans and consolidate its technology advantage. (Dec 2017).

SEED & PRIOR FUNDING

$40 K

SEED CLOSED ON

Sep 2014

FUNDING SERIES

SERIES A  · $11.44 M  · Dec 2017

SERIES B  · $12 M  · Oct 2019

OTHERS  · $2.13 M · Jun 2013

LISTED

NO

COMMENT

The company has raised $3.3 million from Columbia Lake Partners and its existing investors in Dec. 2017.

For Investors

FUNDING NEEDED:

$0.00

USES OF FUNDS RAISED:

1. ND

MONTHS LEFT WITH CURRENT CASH BURN RATE:

0 months from 21 Mar, 2017

COMPETITORS:

ND

Innovation Programs

BASICS

FOUNDING YEAR:

2013

LOCATION:

United Kingdom

Views:

623 VISITORS | 1425 VIEWS
LATEST FUNDING ROUND

$25.6 M

TOTAL EMPLOYEES
11-50

About

QuanTemplate is an insurance technology company formed by experienced re/insurance professionals and world-leading computer scientists, bringing the latest innovations in data and analytics to the insurance industry. The company delivers technology solutions for the key issues surrounding distribution, bordereaux management, underwriting performance and regulatory reporting. The QuanTemplate platform takes clients from their raw data, through to actionable insights, utilising all proprietary software, comprising Data Integration Tools integrated within a high-performance data infrastructure, and analytics and reporting environment.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Quantemplate is a revolutionary marketplace, communications, and enterprise workflow technology that offers a secure web-based platform for trading risk, regulatory reporting, and creating financial models for use across the reinsurance market. Through Quantemplate, underwriters and brokers can conduct all operational activities required to trade in the insurance market while optimizing their risk in real time, all the time.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

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Quantemplate

About

QuanTemplate is an insurance technology company formed by experienced re/insurance professionals and world-leading computer scientists, bringing the latest innovations in data and analytics to the insurance industry. The company delivers technology solutions for the key issues surrounding distribution, bordereaux management, underwriting performance and regulatory reporting. The QuanTemplate platform takes clients from their raw data, through to actionable insights, utilising all proprietary software, comprising Data Integration Tools integrated within a high-performance data infrastructure, and analytics and reporting environment.

Focus

PRODUCTS & SERVICES

Insurance data management & analytics and consulting services.

REVENUE MODEL

Multi-year software licence

TOP PROBLEM SOLVED

Helping insurance and reinsurance companies bring their data together to give them a consistent view of their business. We use our proprietary technology provide solutions in the areas of distribution, bordereaux management, underwriting performance and regulatory reporting.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

Data platform, integration tools and analytics currently in use in several large insurance companies.

KEY DIFFERENTIATORS

We provide one complete solution for data management for insurance companies: - data integration tools - data management platform - analytics The integration tools provide an agile-ETL approach. Data storage and analytics has a high-performance data virtualisation architecture, allowing real-time analytics on vast amounts of data in any number of formats.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

People

FOUNDERS

Adrian Rands

Marek Nelken

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO, FOUNDER: Adrian Rands

CTO: Andre Brantom

CMO: Richard Bowdler

employee: David Lundgren (CEO); Adrian Rands (Chairman); Marek Nelken (CIO); Andre Brantom (CTO); Scott Quiana (Head of Sales US); Graham Chesney (Head of Sales EMEA); Tom de Gay (Head of Design); Iain Davie (Head of Solutions Architecture).

FOUNDER: Marek Nelken

BOARD MEMBERS AND ADVISORS:

Yann Ranchere, Dan Dall'Asta, Egbert Bierman, Ron Carlier, David Lundgren, Adrian Rands

INVESTORS:

Allianz X

Anthemis Group

Columbia Lake Partners

Route 66 Ventures

Transamerica Ventures

Momentum

FUNDED

NO

TOTAL FUNDING:

$8 M

LISTED

NO

FUNDING SERIES
Series B Sep 2015 --- USD8 M at a USD30 Mvaluation Anthemis Group Route 66 Ventures Allianz Ventures Transamerica Ventures