InsurTech Optalitix, the specialist data analytics solutions provider, announces its partnership with Pool Re, the UK’s largest terrorism reinsurer, to implement a new, end-to-end treaty and claims management system with full auditability and enhanced reporting.
![](https://cdn.prod.website-files.com/64ae7b720bd1319095dd5582/66b36d05f4afd39b94560d83_6658503a59fec69cdccbee8f_Pool%2520Re%2520press%2520release%2520v2.jpeg)
Built on Optalitix’s Quote product, the system will provide a far more efficient way for Pool Re to write new business, manage claims, and communicate with its insurance members.
Pool Re is the insurance industry’s mutual for reinsuring terrorism risk in the UK and an arm’s length body of HM Treasury. The transformation of the company’s reinsurance scheme in April 2025 allowed for greater negotiation with members, which required new processes.
Pool Re turned to Optalitix to develop a new solution to allow members to review quotes and bind their treaty online, administer claims and financial transactions, and get instant feedback on claims reporting. Using Optalitix’s Quote product, the new system will provide and bind policies for over approximately 150 terrorism quotes from 2025 onwards, as well as capture claim-approving information should certified terrorist events occur.
"We are very excited to partner with Pool Re and enable such a critical and important UK organisation to help the insurance market deal with terrorism events,” said Dani Katz, Co-founder and Director at Optalitix.“Our Quote product allows Pool Re to write business and to collect and manage the claims coming in afterwards with greater efficiency and governance, enabling Pool Re’s to improve their services to the insurance industry.”
Jonathan Gray, Chief Underwriting Officer at Pool Re also commented, saying: “We are delighted to partner with Optalitix to support our treaty and claims processes. After the recent vote approving new reinsurance arrangements from April 2025, we are confident that this system will allow Pool Re to digitally transact both pricing and contractswith our members.”
Pool Re had previously been encumbered by manual data entry, with emails back and forth and a separation between treaty and claims systems. Optalitix Quote will boost efficiency, streamlining and linking the quote and claims data for enhanced reporting and ease of use by partner insurers.
The new system is scheduled for completion at the end of Q3 2024with the first treaty quotes being sent out in February 2025. Integrations with additional systems within the Pool Re ecosystem are being discussed, as well as making use of some of Optalitix’s enhanced features, such as geo-mapping and risk analysis.
![Dani Katz](https://cdn.prod.website-files.com/64ae7b720bd1319095dd5582/64ae7b720bd1319095dd55c2_dani.jpg)
Dani’s actuarial experience and passion are key. He is a strong advocate of innovation, optimism and communication, both within the team and for the clients. Dani’s ability and experience with data ensure that we always maximise value and efficiency for every project, enabling us to unlock hidden value for the clients business.