Insurance

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.

We’re always looking for ways to improve our internal processes and we were pleased with the level of support that Optalitix provided for this digital innovation. FORTRESS, our new treaty and claims system has certainly helped to digitise pricing and contracts, while eliminating arduous, manual data entry. Importantly, Members are also benefitting from a streamlined quote and bind experience as well as a more intuitive claims management portal.

We share Optalitix’s vision for a digitalised marketplace and value the benefits we are getting from the Optalitix Quote Platform, which include greater insight due to the capture of detailed pricing information, allowing us to leverage our own data more effectively, and opening up the potential for third party data enrichment, portfolio optimisation and real time analysis.

“Optalitix has impressed us with their professionalism and the flexibility of their platform. This partnership marks an exciting step forward as we digitise our pricing models to meet the needs of an evolving market."

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

“As the President and COO, I’ve been impressed by Optalitix’s professionalism and clear communication. Their ability to adapt our familiar Excel-based processes into a modern platform, while maintaining user comfort, is particularly noteworthy.”

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.

We were impressed with the focus that Optalitix have brought to their rating module, and the simplicity of connecting with the modular design that our proprietary in-house underwriting system is based upon.

Optalitix's software products and analytics experts enable our teams to facilitate and link multiple processes for enquiry logging, underwriting and risk recording, providing an easier and more secure way to ensure our data is complete, accurate and timely.