Optalitix Celebrates 10 Years of Insurtech Innovation

Optalitix, a company launched in 2013, is celebrating its10th anniversary. In 10 years Optalitix has become an award-winning Insurtechproviding SaaS software to leading insurers in the UK. Currently, the companyhas a team of 50 people internationally and this substantial expansion, scaleand growth demonstrates the company's success and the growing demand for itsproducts.

Optalitix Celebrates 10 Years in 2023

The company's achievements have been recognized by variousprestigious programs, including the Fintech Innovation Lab, Lloyd's Lab, MassChallenge, and Oxbow Insurtech 25.

‍“We have so much to be proud of as we recognise thisimportant milestone, one earned through a decade of experience and perseverancein developing new cutting-edge technologies,”

Jon Shapiro -Co-founder of Optalitix.

Optalitix Models which hosts pricing models as APIs andconverts Excel models into systems. This reduces build time by convertingspreadsheets (and other models) into systems in a large‐scale manner.Optalitix Quote is an underwriting workbench that provides an underwritingplatform for insurers and MGA’s to underwritenew business and renewals, whilst generating greater data insight, oversightand process efficiencies3. Optalitix Validate enables data exchange andanalysis to help insurers and reinsurers to validate data submitted via Excelfrom brokers / TPA’s / other Insurance parties.

‍“As Optalitix enters its second decade, the companyacknowledges that its strength is in its team. We will continue to grow andinvest in the future and in our products. Optalitix has three coreproducts".

With a roster of blue-chip clients, including Lloyd’s ofLondon and most of its Managing Agents, GoCompare, Vitality and United TrustBank.Optalitix sees significant opportunities for further growth and expansion.The company is excited about the next 10 years and is confident that technologyand data will continue to drive innovation in the insurance space, with theirexperience in AI implementation an exciting part of their product offering.

We would thank all our clients for their support andcontinuing trust in us and the Optalitix team.

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