Centralise Model Management with Optalitix Models

Optalitix Models is built to simplify model management for insurance and lending businesses by ensuring compatibility with most model types that are used for pricing and risk. Designed for flexibility, Optalitix Models is compatible with any API-enabled model, as well as models built in Excel, Python, or R which it hosts natively. The platform even allows users to create an API endpoint with built-in code from existing models, making it easier than ever to link models together and manage the models while saving on model development time and costs.

Once connected to Optalitix Models, each model gains its own customised Swagger documentation, streamlining integration and improving transparency. Additionally, Optalitix’s Composite Model feature lets users combine models into seamless data flows, enabling advanced data interaction across models and systems.

Key Benefits of Optalitix Models

  1. Centralised Model Management: Manage, track, audit, and update all your models from a single platform.
  2. API and Model Linkage: Connect models and APIs effortlessly to support comprehensive system-building.
  3. Unified Data for Reporting: All model data is stored centrally, making it readily available for real-time reporting.
  4. Seamless Integration with Optalitix Products: Quickly connect with Optalitix products, like Optalitix Quote, to speed up deployment.
  5. Automated Documentation: Each model integration generates documentation automatically, reducing development time and costs.
  6. Enhanced Security and Access Control: Benefit from Optalitix’s robust security, access controls, and user tracking to ensure secure model use.

Model compatibility gives you the ultimate model flexibility

Optalitix Models is the all-in-one solution for businesses looking to streamline model management, improve system integration, and boost the efficiency of model management. This gives you, as the model developer, the ultimate flexibility to deploy your models easily to production and scale your pricing function.

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Use cases

Underwriting workbench

Time to deploy models
<
5
mins
Est reduction in dev cost
80
%
Lines of business covered
>
15
Estimated ROI
>
10
x
See how we do it

Lending & Mortgage Portal

Loans issued to date
£
7
bn
Existing brokers integrated
6000
Reduction in development cost
70
%
Loans issued
>
25000
See how we do it

Personalised Insurance Pricing Models

Consumers expecting personalisation
71
%
Ecommerce companies using personalisation
74
%
Potential uplift in sales
50
%
Time to deploy models
3
mins
See how we do it

Fraud Detection Model

Time to build fraud model
1
day
Time to deploy fraud model
5
mins
Annual UK insurance fraud
£
1100
m
Spend on insurance fraud
£
200
m
See how we do it

Sales Probability Calculator

Increase in sales
50
%
Leads leading to 80% of sales
20
%
Accuracy
>
70
%
Increased sales efficiency
40
%
See how we do it

Spire Hospitals: Forecasting Clinic Attendance

Accuracy of predictions
80
%
Reduced non-attendance
30
%
Speed of response
<
100
ms
System scalability (nr of calcs)
>
100
m
See how we do it

Monitoring Energy Usage

Increase in battery efficiency
15
%
Speed of response
<
50
ms
Scalability (nr of calcs)
>
100
m
Time to update model
<
3
minutes
See how we do it

Optimising Clinic Bookings

Increase clinic utilisation
20
%
Boost in profitability
50
%
Update time
3
minutes
Clinics using system
30
See how we do it

Credit Calculator

Reduction in development time and cost
90
%
Avg model response time
<
100
ms
Scalabilty (nr of calcs)
>
4
m
Loans issued to date on the system
£
7
bn
See how we do it

Insurance Calculator Models

Reduction in run time for batch calculations
90
%
Models hosted
>
5000
API calculations
>
4
m p.a.
Calculation nodes available
>
20
See how we do it

Create An Online Pricing Model

Time to deploy pricing model
<
5
mins
Scalability (nr of calcs)
>
100
m
Calculation speed
<
100
ms
Quotes processed
>
95
mil
See how we do it

Innovation In Finance and Banking

Loans issued p/a
> £
1
bn
Reduction in system build cost
80
%
Scalability
>
4
m p/a
UK brokers connected
>
6000
See how we do it

Insurance Policy Validation

Reduction in development time and cost
90
%
Number of database calls
>
100
m
Single hosted platform for all policy validations
1
platform
Security Certificates
ISO27001
& CyberEssentials
See how we do it

Improve your efficiency and reduce costs today

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