Optalitix, a company launched in 2013, is celebrating its 10th anniversary. In 10 years Optalitix has become an award-winning Insurtech providing SaaS software to leading insurers in the UK. Currently, the company has a team of 50 people internationally and this substantial expansion, scale and growth demonstrates the company's success and the growing demand for its products.
The company's achievements have been recognized by various prestigious programs, including the Fintech Innovation Lab, Lloyd's Lab, Mass Challenge, and Oxbow Insurtech 25.
“We have so much to be proud of as we recognise this important milestone, one earned through a decade of experience and perseverance in developing new cutting-edge technologies,” said Jon Shapiro - Co-founder of Optalitix.
“As Optalitix enters its second decade, the company acknowledges that its strength is in its team. We will continue to grow and invest in the future and in our products. Optalitix has three core products".
Optalitix Models which hosts pricing models as APIs and converts Excel models into systems. This reduces build time by converting spreadsheets (and other models) into systems in a large‐scale manner. Optalitix Quote is an underwriting workbench that provides an underwriting platform for insurers and MGA’s to underwrite new business and renewals, whilst generating greater data insight, oversight and process efficiencies3. Optalitix Validate enables data exchange and analysis to help insurers and reinsurers to validate data submitted via Excel from brokers / TPA’s / other Insurance parties.
With a roster of blue-chip clients, including Lloyd’s of London and most of its Managing Agents, GoCompare, Vitality and United Trust Bank.Optalitix sees significant opportunities for further growth and expansion. The company is excited about the next 10 years and is confident that technology and data will continue to drive innovation in the insurance space, with their experience in AI implementation an exciting part of their product offering.
We would thank all our clients for their support and continuing trust in us and the Optalitix team.