Quantemplate Partners with VirtusLab
Quantemplate, a provider of self-service cloud-based automated data solutions for the re/insurance industry, has entered into a strategic partnership with a software engineering firm, VirtusLab, to gain access to developer talent in Europe and supplement the company’s core development engineers with an extended team model.
Supporting the company's continuing growth in the US and European markets, this partnership will allow Quantemplate to capitalise on new business opportunities by offering fast access to VirtusLab’s offshore development centre and collective of engineers. Both companies will also benefit from accelerated growth due to expanded access to new products and talent.
Quantemplate will retain flexibility to enable the rapidly changing market-driven product opportunities, being able to incorporate new and experienced talent at a controlled cost to adjust to a continuously evolving market. The partnership also enables the company to better serve the demands of its global customers through the co-location at VirtusLab’s headquarters in Kraków, Poland.
“Continuing to grow internationally has always been at the forefront of our business model,” said David Lundgren, CEO of Quantemplate. “In order to achieve success in the re/insurance market, we have focused on our customers’ and market’s unique needs and requirements, offering local, personalised support and customisation with our platform. Partnering with VirtusLab will allow us to continue providing our hands-on services through faster, more flexible access to their brilliant software engineering team, allowing us to accelerate the growth of our product to meet customer demands.”
Pawel Dolega, CTO at VirtusLab, added: “Quantemplate is an ideal partner and perfect match for us. We realised our goals are aligned with one another, allowing us to take advantage of what Quantemplate can offer and vice versa. As we continue to expand globally, we find value in partnering with others who not only strive for the same but understand the process and importance of working together to build the best software solutions for changing industry challenges.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
Chaucer boosts international general liability team with key new hires
The Hartford appoints international insurance lead
Elite Insurance Company in administration
dacadoo completes its C-round capital increase
AXA Equitable Holdings to sell certain run-off and closed-block businesses
AXA XL collaborates with Slice Labs and Microsoft on cyber risk management
RSA chief claims officer named new chair of Insurance Fraud Bureau
Concord Specialty Risk recruits vice president, tax insurance underwriting
