The future of life insurance

A New Age of System Design

Optalitix maintain that the ease with which Excel models can now be converted, combined with the sheer number of Excel models already in existence, requires a new age of system design. This new approach positions Excel modelers at the core of the intelligence built into these systems.

While systems are still needed for managing complex integrations, as well as handling data inputs and outputs, the true heart of these systems — the calculations and intellectual property stored within these models — will increasingly be driven by Excel modelers and their Excel converters.

Removing Development Bottlenecks

This approach will significantly reduce the bottlenecks that currently exist in system creation. By enabling Excel users to become system developers, organisations can achieve faster system development, lower costs, and more imaginative use cases.

With over 800 million talented Excel users worldwide, the opportunity to democratise system development is enormous.

Unlocking Enterprise Innovation

The impact on companies will be equally significant. Early adopters will be able to rapidly test, publish, and scale new systems using the intellectual property that is currently locked away in spreadsheets on employees’ desktops.

This creates a faster path from idea to deployment and enables businesses to innovate at a much greater pace.

Transforming Insurance Product Development

For insurers specifically, the ability to quickly create products using spreadsheet-driven pricing models — and then scale them in the cloud — will make organisations far more agile and profitable.

By accelerating product development and deployment, insurers can respond more effectively to market opportunities and changing customer demands.

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