Optalitix Ltd

Software DevelopmentEngland, United Kingdom51-200 Employees

Optalitix is an award-winning software provider that offers a no-code pricing and underwriting platform for global insurers, reinsurers and MGAs. 

Our software converts pricing models in Excel, Python, and R into cloud-hosted APIs within minutes, enabling compatibility with existing underwriting workbenches and policy administration systems. These pricing models can then be managed by the actuarial team.

The platform includes a pricing front end that underwriters can log into with advanced tools like claims forecasting and reserving as well as simulations, enhancing efficiency and innovation in pricing and underwriting. 

Underwriting workflow processes can be configured in the platform alongside and including pricing models to enable more insights for the underwriters and augmenting their performance.

Our products are easy to use and enable insurers to understand and manage their risks better, with pricing models that can be used everywhere to boost pricing accuracy, improve underwriting performance, increase productivity, and reduce costs. 

The company's achievements have been recognised by various prestigious programmes, including the Lloyd's Lab, Mass Challenge and Oxbow Insurtech 25 as well as winning a number of prestigious industry awards.

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