Insurtech leader Optalitix today announces its partnership with SortSpoke, the human-in-the-loop AI document processing platform that enables underwriters to extract critical data from complex submissions 5X faster with 100% accuracy.
This collaboration will enable insurers to process, analyse, and act on critical data with unprecedented speed and accuracy.
The partnership with SortSpoke marks a significant step forward in enhancing underwriting efficiency by avoiding the need to develop custom code for parsing emails and attachments, and the manual triaging of applications.
By integrating SortSpoke’s AI-driven document processing capabilities, this workload is significantly reduced, allowing insurers to accelerate quote generation and improve underwriting accuracy.
“SortSpoke’s solution seamlessly extracts and structures complex submission data without the need for manual intervention. This partnership enables us to focus on delivering clean data and optimising workflow implementation for our clients, which is a game-changer,” said Jon Shapiro, Founding Director at Optalitix.
SortSpoke’s AI-powered data extraction technology enables insurers to efficiently process large volumes of submission documents, reducing manual work while improving risk assessment. Through this partnership, SortSpoke will enable Optalitix’s customers to seamlessly integrate AI-extracted data into pricing and underwriting models, enhance risk selection and pricing accuracy with AI-driven decision-making, and scale underwriting operations by handling increased submission volumes with ease.
“Underwriting teams today need speed, accuracy, and flexibility – and this partnership delivers just that,” said Jasper Li, CEO of SortSpoke. “By combining SortSpoke’s AI-powered document processing with Optalitix’s advanced underwriting and pricing models, we’re enabling insurers to streamline their entire workflow, from submission intake to policy binding.”
Before this partnership, insurers using SortSpoke had to manually integrate extracted submission data into their underwriting models. Now, with Optalitix, the entire process is automated, enabling real-time decision-making and reducing the time from submission intake to quote generation.
This collaboration ensures that insurers can leverage cutting-edge AI technology to improve underwriting efficiency, reduce costs,and drive better decision-making.
Optalitix’s award-winning technology converts Excel, Python, and R models into cloud-hosted APIs within minutes, ensuring seamless integration with advanced pricing and reserving tools. Its flagship products, Optalitix Models and Optalitix Quote, empower underwriting teams with powerful, cloud-based solutions for model hosting, pricing, and underwriting workflows.
Jon’s fusion of entrepreneurial finesse and software engineering expertise are key components of what Optalitix share with all our clients. His deep IT experience and his passion for AI and data driven solutions ensure that every Optalitix client is able to extract the maximum value from their business.
