Innovation unleashed

Optalitix products are simple and easy to use, and allow pricing models to be used everywhere to boost pricing and underwriting performance. Create cloud-based systems using your existing data and models and supercharge your business.

94
m
Quotes processed
$
6
bn
Claims processed
£
7
bn
Loans issued
5,000
+
Models hosted
92
Insurers signed up
6,000
+
Brokers integrated

Scale your models

Existing models converted into a scalable API-enabled system. Store your models, increase model speed, track usage and improve governance.

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Supercharge pricing

Workbenches that scale, provide insight into pricing, improve risk management and boost efficiency. Hosted on a no-code platform.

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Boost lending

Increase profitability and optimise lending origination. Compliant underwriting and better credit decision-making to boost profitability.

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Fast.

The quickest way to create a pricing system from a spreadsheet.

Scalable.

From thousands to millions of data points. From SME to Enterprise.

No-code.

No-code tech converts spreadsheets into API's in minutes.

Cloud-based.

Scale faster. Access new Cloud technology like AI.

Use cases

Underwriting workbench

Time to deploy models
<
5
mins
Est reduction in dev cost
80
%
Lines of business covered
>
15
Estimated ROI
>
10
x
See how we do it

Mortgage Lending Portal

Loans issued to date
£
7
bn
Existing brokers integrated
6000
Reduction in development cost
70
%
Loans issued
>
25000
See how we do it

Recommendation Engine

Consumers expecting personalisation
71
%
Ecommerce companies using personalisation
74
%
Potential uplift in sales
50
%
Time to deploy models
3
mins
See how we do it

Fraud Detection

Time to build fraud model
1
day
Time to deploy fraud model
5
mins
Annual UK insurance fraud
£
1100
m
Spend on insurance fraud
£
200
m
See how we do it

Calculate Sales Probability Using AI

Increase in sales
50
%
Leads leading to 80% of sales
20
%
Accuracy
>
70
%
Increased sales efficiency
40
%
See how we do it

Forecast clinic attendance

Accuracy of predictions
80
%
Reduced non-attendance
30
%
Speed of response
<
100
ms
System scalability (nr of calcs)
>
100
m
See how we do it

Optimising green energy utilisation

Increase in battery efficiency
15
%
Speed of response
<
50
ms
Scalability (nr of calcs)
>
100
m
Time to update model
<
3
minutes
See how we do it

Optimise clinic bookings

Increase clinic utilisation
20
%
Boost in profitability
50
%
Update time
3
minutes
Clinics using system
30
See how we do it

Credit calculator

Reduction in development time and cost
90
%
Avg model response time
<
100
ms
Scalabilty (nr of calcs)
>
4
m
Loans issued to date on the system
£
7
bn
See how we do it

Company calculators

Reduction in run time for batch calculations
90
%
Models hosted
>
5000
API calculations
>
4
m p.a.
Calculation nodes available
>
20
See how we do it

Create online pricing system

Time to deploy pricing model
<
5
mins
Scalability (nr of calcs)
>
100
m
Calculation speed
<
100
ms
Quotes processed
>
95
mil
See how we do it

Innovation in finance and banking

Loans issued p/a
> £
1
bn
Reduction in system build cost
80
%
Scalability
>
4
m p/a
UK brokers connected
>
6000
See how we do it

Insurance policy validation

Reduction in development time and cost
90
%
Number of database calls
>
100
m
Single hosted platform for all policy validations
1
platform
Security Certificates
ISO27001
& CyberEssentials
See how we do it

Customer testimonials

Optalitix Quote is critical to our business. It allows us to price and analyse business in a consistent and auditable manner with the added governance that cloud-based systems provide over legacy Excel models. Optalitix have been a core partner in our strategic shift to our current model. I have been impressed by the speed of implementation as well as the extensive actuarial and insurance knowledge they bring to our partnership.

Chris Sharp, Active Underwriter
Hampden Risk Partners

Lloyd’s partnership with insurtech Optalitix resulted in more than 180 users and provided immediate benefit to the market. It is estimated the new portal reduces the administrative burden across all stakeholders in the catastrophe regulatory reporting process and saving more than 13,000 hours of data entry per year - allowing for more value-add, customer-facing activity.

Lloyd's of London
Lloyd's

Optalitix's software products and analytics experts enabled UTB to build market-leading credit portals. Their professionalism, dedication and drive for innovation make them a joy to work with and give UTB a distinct advantage in our market.

Harley Kagan, MD
United Trust Bank

Implementing Optalitix Quote has helped us to be much more efficient and reliable, it enables us to dedicate time to the core of our business and not to the system build. Optalitix is easy, reliable, traceable, Optalitix just works!

Gonzalo Sagnier
Almagro Capital

Optalitix implements AI in the Vitality Health customer journey, ensuring the application process is efficient and intuitive. This has optimized our direct to customer acquisition performance resulting in a significant uplift in our direct sales.

Dave Priestley, Chief Product Officer, Vitality Health
Vitality

Our clients include

Partnerships and awards

Insurtech100
2022
Insurance Post Data 2015
Insurance Times Award 2022
Insurance Post Finalist 2018
Capgemini EFMA
2021
Lloyd's Lab Partner
Google Cloud Partner
GoCompare Discovery Platform

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