Industry insight

shaping modern pricing and underwriting

Insurance often involves using pricing models in spreadsheets. Use Optalitix Models to simplify processes by transforming these spreadsheets into a system.

The Optalitix team were invited to contribute to a discussion where the digitisation on the underwriting process for the London Market.

The FCA has changed the game for more established players in the insurance sector with its significant gear change in pricing for insurance business

What might we expect for insurance in 2022? From digital insurance marketplaces to wellness products and profitability.

New rules from 2022 ensure customers who are renewing their insurance policies receive a quote no more than they would be quoted as a new customer

Optalitix have determined that using Excel converters to convert pricing models is the most efficient and effective method. Take a look at the features and more.

At Optalitix, we are able to convert spreadsheets in 3 ways: by recoding the system, using an existing commercial platform, or using an Excel converter.

Spreadsheets should move to cloud-based systems in order to benefit from rich features such as dashboards, databases and seamlessly integrated AI and automation.

Spreadsheets are frequently used for pricing due to their ability to build complex calculations quickly in a flexible coding environment. Read our guide now.

Cloud based pricing ensures that everything from conversion to compliance is streamlined, efficient and controlled ultimately leading to increased sales.

As business strategy evolves and growth is more dependent on cloud based tools like AI, machine learning and data, the value of spreadsheets might be affected.

The insurance sector is data rich and decisions are made quickly using real time data. Find out how GoCompare embraced AI to add value to their partner offering.

Membership in Lloyd's Lab allowed Optalitix to scale up and develop innovative ideas in collaboration with the world's largest insurance market.