Insurtech company Optalitix has announced a collaboration with PwC to enhance implementation services and comprehensive support for users of Optalitix Quote, its underwriting and pricing platform for insurers.
This partnership will bring together Optalitix’s insurance technology with PwC’s actuarial expertise and consulting services, specifically targeting insurers at Lloyd’s and within the London Market.
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The collaboration enables insurance clients to benefit from faster implementation, improved pricing model templates, tailored training programmes and all-encompassing support packages that enhance software performance and align with their underwriting and pricing goals, stated Optalitix.
Ahead of the collaboration’s launch in January, PwC’s specialist consultants have undergone training on Optalitix’s products to enable them to assist clients in evaluating their current pricing systems, planning pricing transformations and supporting development in pricing models.
It allows PwC the ability to implement Optalitix’s pricing models, while Optalitix can now offer its clients pre-built PwC pricing models and templates on Optalitix systems.
Optalitix co-founder Dani Katz said: “I am excited to be able to offer Optalitix’s clients PwC’s actuarial advice and assurance on our system, giving them more certainty on the quality of the pricing models used and helping them to complete their build sooner.
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By GlobalData“PwC is incredibly well respected in the insurance industry, and PwC’s actuarial team are highly skilled in Optalitix products and professional in their work, giving our clients a valuable option for any Optalitix pricing transformation project.”
PwC General Insurance partner Mohammad Khan stated: “Together, we are committed to elevating our clients’ pricing and underwriting operations by providing significantly enhanced insights and governance over their pricing strategies, unparalleled flexibility in deploying pricing models and improved accuracy in their pricing processes.”
Optalitix claims to be the “only” underwriting workbench that enables underwriters to integrate their existing Excel models into a no-code solution, thus reducing system development time and improving speed to market.
With headquarters in London and a global client base spanning the UK, Europe and South Africa, Optalitix serves sectors including insurance, banking and healthcare.
