About

SiriusPoint partnered withOptalitix to modernise its group life reinsurance pricing and underwritingoperations. Together, they developed PricePoint, a secure, cloud-based pricingand underwriting platform built on Optalitix Quote. The solution was designedto replace fragmented, spreadsheet-driven processes with a single governeddigital environment connecting external carriers and central underwritersacross SiriusPoint’s global portfolio.

SiriusPoint operates as a specialty underwriter writing group life reinsurancebusiness across multiple territories through a network of independent riskcarriers. While underwriting authority sat centrally, submission dataoriginated from partners worldwide, creating operational complexity as theportfolio expanded.

The Challenge

SiriusPoint’s pricing processrelied heavily on distributed Excel models and manual workflows spread acrossmultiple territories. This created several operational and governancechallenges, including:
- Inconsistent submission formats from global partners
- Manual data handling and validation
- Limited visibility into quote status and workflows
- Gaps in underwriting governance and approval processes
- Spreadsheet-driven processes restricting scalability and control

As the business grew, SiriusPoint needed a controlled and scalable platformthat could standardise submissions, improve governance, and support continuedglobal expansion.

The Solution

Optalitix implemented PricePoint,a cloud-based SaaS pricing and underwriting platform tailored to SiriusPoint’sgroup life portfolio. Built on Optalitix Quote, the platform created a unifiedenvironment for submissions, pricing, underwriting, and approvals.

Key features included:
- Standardised digital submissions
- Automated data validation
- Structured underwriting workflows
- Role-based governance
- Real-time visibility
- Centralised audit trails

The platform digitised the entire underwriting journey and was deployed inunder six months.

The Impact

Within the first two months of launch,PricePoint delivered measurable business impact:- 20+ users onboarded- 150,000+ lives quoted through the platform- $8m+ quoted on the platformThe new platform transformed SiriusPoint’s underwriting operations from amanual, spreadsheet-based process into a scalable, governed, and data-drivenworkflow. Benefits included:

•            Faster quote turnaround times

•            Improved data accuracythrough automation

•            More consistent underwritingdecisions across territories

•            Full audit trails andstronger governance

•            Better visibility intoportfolio exposure and risk trends

•            Scalabilitywithout increasing operational burden

The solution also enabled complete traceability across the underwritinglifecycle, giving SiriusPoint stronger operational control and transparency.

The Future

PricePoint established a scalablefoundation for SiriusPoint’s future innovation in underwriting and pricing.According to SiriusPoint’s Senior Pricing Actuary, the platform not onlyimproved today’s underwriting workflow but also created opportunities forfuture intelligent automation and AI-driven quote triaging.

Looking ahead, SiriusPoint plans to build on the platform’s governance,visibility, and automation capabilities to further increase efficiency andsupport continued expansion in the global group life reinsurance market.

‍