Optalitix teams up with Quantee
Underwriting software provider Optalitix has announced a partnership with Quantee, the developer of a dynamic insurance pricing platform
The partnership will see Quantee’s dynamic pricing engine integrated with Optalitix’s Quote underwriting platform, allowing them to offer more accurate “pricing and optimisation at scale for high-volume retail insurance products, such as motor, home, and travel”.
For Optalitix, the partnership will allow them to expand beyond their core client base centred on the Lloyd’s of London market, while Quantee will benefit from gaining easier access to Lloyd’s market clients who require “high-volume pricing capabilities”.
“This partnership will add great value to our customers and help bring comprehensive solutions to insurers’ challenges around underwriting, data analysis, and pricing,” said Scott Holmes, Sales Director at Quantee. “Through Quantee’s dynamic pricing platform, Optalitix customers can combine their data and underwriting solutions with our modelling and actuarial solutions. This provides combined added value, which can be utilised across commercial, speciality, and personal lines insurance markets.”
Fellow insurtech Sprout.ai launched a new ‘zero-shot’ intelligent claims evidence processing product last month.