Agria Pet Insurance, a global leader in animal insurance, has partnered with Quantee, an AI-driven pricing solutions provider, to support its growth in the UK and Ireland.
The collaboration aims to refine Agria’s pricing strategy, ensuring competitiveness and tailored customer offerings.
Agria Pet Insurance, established in the UK in 2009, is renowned for its comprehensive pet insurance options.
It offers customers flexible coverage and benefits tailored to pet owners’ varying needs, budgets, and lifestyle preferences. With a strong presence in the UK market, Agria is committed to providing accessible, reliable insurance options for pet owners.
Quantee, a FinTech company specialising in AI-powered pricing solutions, provides advanced analytics and machine learning tools to optimise insurance pricing across various markets.
The company’s technology is designed to assist insurers in achieving accuracy, fairness, and competitiveness in their pricing models.
This partnership with Agria marks an important step for Quantee in deepening its commitment to the UK insurance market.
The collaboration will enhance Agria’s ability to implement pricing strategies that cater to the diverse needs of UK pet owners.
This step is also part of Quantee’s broader mission to support insurers across different lines of business within the UK, demonstrating its dedication to fostering pricing excellence in insurance markets.
The move follows Quantee’s recent announcement of a partnership with Agria Djurförsäkring, which is set to help the firm achieve pricing excellence throughout its next stage of growth in Sweden and across Europe.
This collaboration is seen as essential in navigating the increasingly competitive pet insurance market, where precise pricing is crucial for profitable growth.
The move also signifies an important commitment by Quantee to the Swedish market, reinforcing its support for insurers across multiple lines of business.
Both companies are eager to collaborate closely to achieve Agria’s strategic objectives and enhance its offerings in the competitive pet insurance landscape.
Speaking following the earlier announcement, Scott Holmes, Director for Northern Europe at Quantee, said, “We are extremely proud to announce our partnership with Agria in Europe, supporting them in the next phase of their objective to be the leading animal insurer in Europe.The Pet insurance market in particular is becoming incredibly competitive and insurers need to ensure they get their pricing right in order to achieve profitable growth. We are honoured that Agria have selected Quantee and our end-2-end pricing platform in order to achieve this.We look forward to working with all the team at Agria in the coming years”
Copyright © 2024 InsurTech Analyst
