Next-generation insurance pricing software provider, Quantee, has expanded into Canadian markets after being appointed by Red River Mutual 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 and Red River Mutual