Pricing made easy
Optalitix has deep insurance pricing expertise with over a decade providing pricing systems for the insurance industry. We provide pricing products that give actuaries:
- Speed to upload models, enrich pricing data, and run pricing simulations.
- Flexibility that enables any model and pricing strategy to be used in our pricing platform and deployed to production.
- Performance that enables pricing actuaries to scale their pricing strategy effectively and apply it efficiently in underwriting departments.
Hosting pricing models
Optalitix Models was built to convert Excel models into scalable systems. The model functionality has been expanded to host all of the pricing models actuaries use, including Python, R and GLM. We provide the tools needed by actuaries to price their policies, and ensure pricing is future proof. Our API engines enable AI models and functionality while still ensuring operational performance.
Working with the London Market
As graduates of Lloyd's Lab, we have been working with Lloyd's and the London Market to develop our underwriting workbench and pricing front end, Optalitix Quote which boosts insurers' pricing performance and improves pricing performance.
Underwriting Workbenches with embedded pricing
Optalitix Quote enables modern pricing models to efficiently connect with the operational requirements of underwriters by embedding them in the underwriting system.
Actuaries operating in the London Market can use Optalitix products with confidence.
Explore our case studies showcasing how we have used our systems to boost pricing and data collection for the London Market.
