Explore ‘What’s next?’ in the insurance industry, and connect with brokers and others from the industry.
The first quarter of 2024 has amazing for Optalitix and our clients! We've been at the forefront of groundbreaking developments, navigating through a period of profound technological transformation in the industry
Listen to Dani Katz, Co-founder & Director of Optalitix talk about Insurance and Innovation with Matthew Grant
Juniper addresses a huge gap in the health insurance market by providing comprehensive health insurance, often excluded by other healthcare products.
To help insurers incorporate its unique datasets into their underwriting process, thereby ensuring quotes are appropriately priced in response to a changing climate.
The experience of early adopters has proven that underwriter workbenches can make insurance companies more productive
We are excited to be taking part in a thought-provoking InsTech webinar on 26th March
The Insurech Conference connects insurers and investors, offering an unparalleled experience and access to industry innovators. Explore 2024 Conference insights!
Underwriting models now run up to 30 times faster with the latest release of Optalitix Models. The introduction of Optalitix Quote’s new Flow technology enables flexible underwriting workflows, with the new Risk Vision dashboards offering deeper insights on risk and outstanding quotes.
To offer insurers a ready-to-use pricing product that enables quick access to price retail customers online and via aggregators
Numerous insurers overlook advanced solutions. Make sure your company leverages valuable insights from its data to enhance the user experience with Optalitix today!
Artificial intelligence (AI) is a machine’s ability to perform human-like cognitive functions. Find out how AI is able to enhance cybersecurity in business here.
As the year draws to a close, we wanted to express our heartfelt gratitude for your continued support and collaboration.
In the National Insurance Awards 2023 which showcases excellence in general insurance provision and management.
Optalitix Quote allowed the underwriters to keep control of their existing models and make changes and updates whenever required and gave them all the benefits of scale and speed of a cloud-based system
"The time that has been saved has given us much more freedom” Carey Bond, Head of Claims for the Americas at Lloyd’s
The fluctuations in insurance news for 2023 are unexpected. Some companies are leaving due to big losses, while others see opportunities and expect to see profits.
Hampden Risk Partners used Optalitix Quote to grow their capacity at Lloyd's
Innovation award for Lloyd's reporting portal
Football stats and insights
The Insurech Conference connects insurers and investors, offering an unparalleled experience and access to industry innovators. Explore 2023 Conference insights!
Almagro wanted a calculator for their products to be built into the Zoho CRM system. Find out how Optalitix Models connected the Almagro CRM system in Zoho here.
Spreadsheet-based calculations that represent real-world situations are referred to a models. See how to convert your models into usable application software here.
Improve underwriting efficiency with Optalitix's workflow and workbench expertise. Our tools handle various processes, quotes, and large underwriting departments.
Explore how our underwriting workbench aids insurers in handling incoming risks, monitoring their risk profile, and aligning management with their risk appetite.
New principles for doing business at Lloyd’s will encourage syndicates to digitise their processes, especially underwriting. Find out more about these principles.
The Dia Munich Conference, in 2022, showcased cutting-edge insurance technology, highlighting the growing fusion of insurance and technology in mainland Europe.
With claims, departments need to be able to filter out the valid claims and pay them quickly amongst other tasks. See how Excel can help make a claims triage system.
Smart Follow underwriting and the algorithmic technology will bring a revolution of improved pricing and lower costs to insuring large and complex risks. Read more.
Paul Hewitt has been appointed to the Board of Optalitix, advising on insurance strategy, product development and industry partnerships. Read more in this guide.
Optalitix Client Avamore will be launching its new core lending platform using Optalitix Originate architecture. Read more about the platform and their targets here.
Calculating claims is vital for insurers as it can take months or even years for the claim payments after an insurance event to emerge. Find out more in this guide.
Optalitix announced that it has achieved the prestigious ISO 27001 certification by implementing an Information Security Management System (ISMS). Read more here.
When setting a price for a new product, the starting point is almost always Excel. Find out how to create a pricing application from a spreadsheet pricing model here.
Verto syndicate 2689 (Verto), a follow-only Lloyd’s syndicate, and Optalitix, an award-winning Insurtech company providing SaaS software to leading UK insurers.
Optalitix is an award-winning technology business that adds value to financial institutions with low code SaaS products, data analysis and AI models. Read more.
The FCA has changed the game for more established players in the insurance sector with its significant gear change in pricing for insurance business. Read more.
Generating sales will often cost time and money, particularly in the insurance sector. Discover how smart tools can help manage costs using Optalitix Models here.
What might we expect for insurance in 2022? From digital insurance marketplaces to wellness products and profitability, read our predictions and more in this guide.
Insurance often involves using pricing models in spreadsheets. Simplify processes by transforming these spreadsheets into a system with tools like Optalitix Models.
The London market could benefit from greater levels of digitisation and automation by converting data into cloud-based systems using low code software. Read more.
Take a look at a report that considers the impact of algorithmic underwriting on Lloyd’s and the London Market where complex risks are typically underwritten here.
Optalitix and Almagro Capital have agreed to partner to create improved pricing tools for Almagro and its brokers. Read more about their partnership in this guide.
The Optalitix team were invited to contribute to a discussion where the digitisation on the underwriting process for the London Market. Read our insights here.
Iotatech and Optalitix are pleased to announce the successful integration of their platforms aimed at creating added value for clients of the Iotatech Platform.
Optalitix Quote is a new cloud product that enables underwriters using spreadsheets to improve their pricing processes. Discover more about it in this handy guide.
Have you got an Excel pricing model that you would love to turn into a system? Find out how to build a pricing system from a spreadsheet in this guide. Read more.
The multi-faceted contribution an underwriter makes to any insurance business transcends simply assessing risk. Read more about underwriting and the impact of it.
What does an underwriter do on a day to day basis? Discover the role underwriters play, how technology plays a key part in the underwriting process and more here.
Google's Vice President, Pandu Nayak claims that Google is using AI to better understand news and misinformation. Read more about Nayak's theory in this guide.
Optalitix wins the Gold award for Excellence in Technology – Service Provider (General) category at the 2021 prestigious Insurance Times Awards. Read more here.
New rules from 2022 ensure that customers who are renewing their insurance policies receive a quote no more than they would be quoted as a new customer. Read more.
The ease with which Excel models can now be converted and the number of Excel models in existence requires a new age of system design. Find out more in this guide.
Spreadsheets should move to cloud-based systems in order to benefit from rich features such as dashboards, databases and seamlessly integrated AI and automation.
Optalitix have determined that using Excel converters to convert pricing models is the most efficient and effective method. Take a look at the features and more.
At Optalitix, we are able to convert spreadsheets in 3 ways: by recoding the system, using an existing commercial platform, or using an Excel converter. Read more.
Spreadsheets are frequently used for pricing due to their ability to build complex calculations quickly in a flexible coding environment. Read more in this guide.
Deepmind is an AI company using machine learning to reinvent the game of chess as we know it, with the help of chess champion Vladimir Kramnik. Find out more here.
The mortgage market is always changing. Few banks are able to offer an instant decision on a mortgage, yet the United Trust Bank (UTB) is one of them. Read more.
Using your data better can help business managers to see more, know more and do more. Take a look at beneficial data uses that businesses can adopt in this guide.
The insurance sector is data rich and decisions are made quickly using real time data. Find out how GoCompare embraced AI to add value to their partner offering.
Cloud based pricing ensures that everything from conversion to compliance is streamlined, efficient and controlled ultimately leading to increased sales. Read more.
As business strategy evolves and growth become more dependent on cloud based tools like AI, machine learning and data, the value of spreadsheets may also be affected.
Membership in Lloyd's Lab allowed Optalitix to scale up and develop innovative ideas in collaboration with the world's largest insurance market. Discover more here.
AI and machine learning have become key tools in helping to tackle the pandemic, not just in understanding the virus but also how to support different industries.
Researchers claim to have trained a machine learning system to identify posts on social media that aim to manipulate political events. Read more in this guide.
Demystifying AI is a challenge facing most businesses as automation and machine learning shift to being a necessity. Read more about the magic of AI in this guide.
Read the valuable insights offered by Buster Tolfree the Commercial Director – Mortgages at a Tip-Talks event co-sponsored by United Trust Bank and Optalitix.
Whilst AI has transformed many essential areas of society, some have also begun to use its technology for the weirder. Take a look at some odd uses of AI here.
Optalitix is a finalist in the TechRound100, ranking in the top 100 UK start-ups that have been praised for their innovation. Read more about the competition here.
AI permeates several aspects of our everyday lives, from our smart phones to shopping to entertainment on streaming sites. Learn more about the impact of AI here.
AI has the power to change the future of working globally. Read more about how AI can assist with staff collaboration, hiring employees, and remote working here.
Optalitix co-founder Dani Katz ran 18km as part of Optalitix’s fundraising efforts this summer. Read about how he did and the charities that Dani ran for here.
Elon Musk has recently claimed that Artificial Intelligence could overtake humans by 2025, and discussed these predictions in an interview with The New York Times.
"Market leaders in AI and machine learning solutions, Optalitix, announced that it has joined the Google Cloud Partner Advantage Program as a Sell and Build partner."
Researchers have achieved a new AI breakthrough whereby using light for performing computations can improve machine learning neural networks in speed and efficiency.
The Artificial intelligence tool Generative Pre-training Transformer (GPT-3) has gained much attention, but is the technology dangerous? Find out more in this guide.
The debate over racial bias in tech has been renewed as a US university claims it can predict criminality through facial recognition. Discover more in this guide.
With human-made models comes human-biases, machine learning models can be inclined to reflect the biases of the team who built it and the data it is fed. Read more.
Artificial Intelligence (AI) has the power to change the world across multiple sectors including business, healthcare, transport and education. Find out more here.
From virtual health care assistants to driverless taxis, AI is transforming the way the world operates, making processes more productive and efficient. Read more.
Developments in AI have led to machines taking predominantly unskilled jobs, and this looks set to continue. Learn more about how AI is impacting the workforce here.
Machine learning can help your business thrive by automating several operations; assisting with making decisions, mundane tasks, and security. Find out more here.
There are a variety of regression and classification models within both the supervised and unsupervised categories of machine learning, a type of AI. Find out more.
Machine learning technology has already started to replace humans, yet it has potential to create many opportunities and enable people to do their job even better.
During Covid-19, AI or non-human solutions were being used to model potential outcomes and solutions. Find out how this was done and the findings that came from AI.
The financial services industry is being transformed by AI. Learn more about how AI is used as robo-advisory services, chatbots, and algorithmic trading in finance.
The Optalitix team are delighted to have been selected to participate in cohort 4 of the Lloyds Lab. Read more about their application and success in this guide.
New AI technology from Microsoft and Google is able to detect diseases such as prostate cancer and diabetic retinopathy. Learn more about how the NHS is using AI.
The AI industry is estimated to be worth somewhere in the region of $5 trillion dollars, and this number is only set to increase in the future. Find out more here.
Big data is a common shorthand that many people may not fully understand. But there is a simply way to understand it by getting to know three main concepts. See more.
Machine learning algorithms are a type of AI that can learn patterns and processes with minimal to no human intervention. Discover more about how they work here.
The financial sector is increasingly using machine learning in order to be more accessible, efficient and provide a better customer experience overall. Read more.
With more and more companies realising the advantage of using customer data effectively, now is a great time to become a data scientist. Find out more in this guide.
Reactive machines, theory of mind, limited memory, and self-awareness are four main types of AI categories to be aware of. Read more about them in this guide.