This powerful new capability introduces real-time tracking of insurance pricing models, offering insurers unprecedented visibility into model usage, accuracy, and performance. Alongside this launch, Optalitix has also upgraded its modelling engine to deliver a 70% increase in model performance speed, promising faster quote generation, improved pricing precision, and a stronger competitive edge in underwriting.
Model Monitoring enables insurers to proactively monitor model health, detect errors and anomalies, and optimise model performance with greater efficiency. Until now, there was no streamlined way for insurers to oversee deployed models, especially those built in Excel, Python, or R. With this innovation, insurers gain access to advanced dashboards that provide user activity insights, performance comparisons across model versions, and real-time alerts that trigger support when issues arise. These capabilities allow insurers to reduce model risk, improve operational oversight, and enhance governance.
“This change is groundbreaking for our clients, giving them far deeper insight and awareness of the performance of their entire model estate,” said Ricky Jayes, Product Manager for Optalitix Models. “There are no other trackers in the market like this that enable insurers to monitor their Excel, Python, R, and other pricing model performance.”
The feature is already in use by Optalitix internally to track client model performance and will be made available to clients as a self-service tool starting in July 2025. By providing a centralised source of truth for all models, regardless of format or language, Optalitix is setting a new standard for model transparency and accountability in insurance.
“We believe the inclusion of a single source for model monitoring for insurers’ entire model estate, including their Excel, Python, and R models, is a world first,” said Dani Katz, Founding Director of Optalitix. “Optalitix is committed to providing groundbreaking technology to help insurers manage their advanced model estates.”
This innovation was made possible through the integration of Google Cloud’s latest system tracking technologies, now embedded within the Optalitix Models platform. All existing clients will benefit from the new functionality automatically, with no additional setup required.
Optalitix continues to lead the way in cloud-based insurance modelling technology. Its award-winning platforms, Optalitix Models and Optalitix Quote, empower insurers to build, host, monitor, and evolve pricing models in real time—delivering unmatched speed, transparency, and scalability across the insurance value chain.
