Optalitix, an InsurTech that provides software pricing products to leading UK insurers, has partnered with Quantee, an insurance pricing platform.
The two companies are working to create a solution that will enable insurers to quickly quote for business on aggregator sites, making it easier and more cost-effective to access customers.
Through this partnership Optalitix Quote, an underwriting workbench that allows underwriters to embed their pricing model to reduce system development time and boost speed to market, has been integrated with Quantee’s pricing engine.
According to the announcement, this integration will offer accurate pricing and optimisation at scale for high volume retail insurance products, such as motor, home, and travel.
Scott Holmes, Sales Director of Quantee, said: “This partnership will add great value to our customers and help bring comprehensive solutions to insurers’ challenges around underwriting, data analysis, and pricing. We are looking forward to really getting started and seeing this partnership with Optalitix flourish.”
He added: “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. There is also great synergy between the two teams, with aligned strategies and objectives for the benefit of all parties.”
For Optalitix, the partnership will enable them to expand from their core Lloyd’s market client base to access high-volume retail insurance clients. Quantee will benefit from gaining easier access to Lloyd’s market clients who require high-volume pricing capabilities.
Dani Katz, Co-Founder and Director of Optalitix, commented: “We are very excited to announce our partnership with Quantee, giving our clients access to their industry-leading pricing capabilities to enable our customers to quote on motor, home, and travel insurance, in addition to our commercial insurance pricing capability.”
