The second quarter of 2024 has been a period of rapid growth for Optalitix and our clients. We wanted to share some of these learnings as the insurance market evolves into a highly digitised industry. In this newsletter, we’ve curated the best articles and insights from the past few months to help you discover how the latest technological advancements can benefit your business.
News
Our client's success is our top priority, and we’re thrilled to see them grow as the insurance industry continues to evolve. We’re also excited to welcome new clients to the Optalitix family, including Spring Finance and Barents Re.
We have been featured in several press articles alongside our clients as our solutions attract industry and press attention. For more info, click here.
Our website received a fresh new look in June, complete with engaging product videos that explain how to supercharge pricing, with more insights on the way as we continue to provide market leadership on pricing techniques in the cloud. We'll be updating the content regularly, so be sure to check back often.
If you want to learn more, be sure to contact us - we are always keen to chat and compare notes on how innovative companies are digitising risk management, underwriting and origination.
'Fix the roof while the sun is shining', listen to Dani Katz in his latest podcast, where he was interviewed by Robin Merttens, Executive Chairman at Instech.
Key talking points:
-Why moving from spreadsheets to the cloud is so complex.
-Some suggestion on solutions using cloud software and years of experience.
-Reflecting on how far digitisation has come in the industry.
-Underwriting workbenches – ideas on how how to get started
'There are going to be three more years of hard markets [in insurance]. And during that time, there are going to be a lot of new players.' It's time to innovate or face significant competition.
On May 15th and 16th, we exhibited at the BIBA Conference together with our partner Go.Compare in Manchester.
At the show, we were excited to launch our new motor and home insurance pricing solution, designed specifically for insurers, MGAs and brokers writing business on the Go.Compare aggregator site.
This new innovative pricing option works together with Quantee pricing technology which seamlessly integrates with the Optalitix Quote product and connects to the Go.Compare's Discovery data service, providing quote-level market insight.
Learn about our new pricing solution
In this insightful article, Dani and the team at Optalitix emphasize the crucial role of people in the insurance process, a perspective that shapes our product and development philosophy.
Key takeaways for those considering pricing transformation:
- People prefer human interaction.
- AI and algorithms are tools, not stand alone solutions.
- Involve underwriters throughout the pricing transformation journey.
At the beginning of July, we had the pleasure of hosting an exclusive event for our clients at Google HQ in Kings Cross.
The event kicked off with a reception,with Optalitix providing a look into the future of risk and Google providingtheir significant insight and information on the future of AI using GoogleCloud.
With our heads full of tech insights, we followed it up with a fun and delicious cooking session with KitchenSync in Google's world class kitchens. We whipped up a mouthwatering Thai Green curry and learned some amazing tips like the differences between red and green chilly peppers, the best way to juice a lime, and the proper way to chop spring onions, 'chef style'.
Lots of life lessons, both technological and practical, in the company of good friends, this was an evening not to forget.
On the 10th July, we exhibited at the MGAA Conference in London.
The theme for the conference was 'The Power Of Partnerships', looking at the importance of collaboration and effective communication in driving the future growth of the MGA sector.
We had an amazing day filled with networking and connecting with old and new friends.
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.
