Unlock Scalable Pricing using Python and R

For insurers relying on Python and R to price their business, integrating these advanced models into production systems can be a significant challenge. Many teams face roadblocks when attempting to scale their infrastructure to operational levels, forcing modellers to work extensively with system development teams. This not only slows the modelling process but also makes maintaining and updating systems cumbersome and expensive.

The Challenge
Traditional setups lack the scalability and flexibility to seamlessly connect models to production systems or operational areas. This results in costly delays and complexity in maintaining pricing models.

The Solution: Optalitix Models
Optalitix Models revolutionizes this process by offering a robust modeling platform that eliminates infrastructure limitations. It allows insurers to host any type of model, seamlessly linking them to data pipelines and bridging different systems (e.g., connecting Python models to Excel and databases).

Key Benefits of Optalitix Models

  1. Future-Proof Flexibility:
    Optalitix Models ensures that your pricing and modeling processes remain adaptable to changing needs, safeguarding your investment in data science innovation.
  2. Reduced Maintenance Costs:
    Modellers can independently update their models without relying on developers, cutting down maintenance efforts and costs.
  3. Enhanced Pricing Accuracy:
    Leverage sophisticated data science tools and languages to achieve more precise pricing, improving business outcomes.
  4. Scalable Pricing Systems:
    Extend your pricing intellectual property (IP) to scalable, production-ready systems without the usual development bottlenecks.

Why Optalitix Models?
By bridging the gap between data science models and operational scalability, Optalitix Models empowers insurers to focus on innovation and decision-making rather than system limitations. With the ability to integrate models and pipelines effortlessly, this platform ensures you stay ahead in a competitive market.

Ready to future-proof your pricing strategy? Explore Optalitix Models today!

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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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