The partnership combines Optalitix’s cutting-edge technology with PwC’s renowned actuarial expertise and specialist contract services, aiming to streamline adoption processes, optimise pricing models, and align technology with insurers’ strategic underwriting and pricing goals.
This collaboration brings significant benefits to insurance clients, including expedited implementation processes, enhanced pricing model templates, and access to tailored training programs. Comprehensive support packages will also ensure optimal software performance and alignment with clients’ business objectives. PwC consultants, trained in Optalitix products, will assist insurers in reviewing their existing pricing systems, planning transformations, and improving pricing model accuracy and governance.
Dani Katz, Co-founder of Optalitix, expressed his enthusiasm for the partnership, stating that PwC’s actuarial advice would provide clients with greater confidence in their pricing models while accelerating their build processes. He added that PwC’s actuarial team’s professionalism and expertise in Optalitix products offer immense value for pricing transformation projects. Similarly, Mohammad Khan, Partner for General Insurance at PwC, emphasized that the collaboration would elevate clients’ pricing and underwriting capabilities by delivering improved insights, flexibility in deploying pricing models, and greater accuracy in pricing strategies.
As part of the partnership, PwC will also provide pre-built pricing templates integrated into Optalitix’s platform, helping clients fast-track system development. Meanwhile, Optalitix will benefit from PwC’s ability to deploy their pricing models, creating a synergy that accelerates innovation in the sector. Officially launching in January 2025, this collaboration is set to transform pricing and underwriting practices in the London Market, cementing both Optalitix and PwC as leaders in driving efficiency and innovation in insurance.
