The partnership aims to provide insurers with a readily available pricing product.
Optalitix Quote, as reported, serves as the underwriting workbench empowering underwriters to integrate their pricing models seamlessly, thus reducing system development time and accelerating speed to market. The amalgamation of Optalitix Quote with Quantee’s pricing engine promises accurate pricing and optimization on a large scale, especially for high-volume retail insurance products like motor, home, and travel.
The joint effort between the two companies focuses on crafting a solution enabling insurers to swiftly generate quotes for business on aggregator sites, streamlining access to customers while reducing costs.
For Optalitix, this partnership signifies an opportunity to extend its reach beyond its core client base in the Lloyd’s market, tapping into high-volume retail insurance clientele. Similarly, Quantee stands to gain easier access to Lloyd’s market clients seeking high-volume pricing capabilities through this collaboration.
Commenting on the partnership, Dani Katz, Co-Founder and Director of Optalitix, said: “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.”
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.”
