Streamline Insurance Pricing with Optalitix Quote’s Bordereaux Data Management
Renewing insurance business requires accurate historic claims and premium data to set appropriate prices. Unfortunately, bordereaux data often arrives in spreadsheets, prone to errors and inconsistencies. When unchecked, these errors create a last-minute scramble for underwriters trying to assess renewal pricing. Optalitix Quote solves this by offering a seamless way to capture, validate, and manage bordereaux data monthly, ensuring that underwriters have the right data when they need it.
Key Features of Optalitix Quote for Bordereaux Data Management
Optalitix Quote simplifies data submission by capturing bordereaux data automatically each month, checking for errors in real-time, and sending reminders to clients to ensure timely data submission. Its user-friendly, no-code interface means clients can easily input data without developer assistance. Built-in validation checks, including more complex ones comparing data against policy databases or external sources, ensure data accuracy and quality from the start.
With this data management system, underwriters can access pre-configured risk dashboards at renewal, providing quick insights into claims, premiums, and profitability. This saves time, reduces administrative costs, and allows underwriters to set better prices based on actual claims experience.
Benefits of Optalitix Quote for Bordereaux Data
- Improved Data Quality: Real-time validation reduces errors, while enhanced data checks enable more comprehensive accuracy.
- Reduced Costs and Time: Automated data submission and error-checking save administration time and minimise manual data handling.
- Enhanced Pricing Accuracy: Underwriters can make well-informed pricing decisions based on verified historical data.
- Optimised User Experience: A streamlined interface makes data submission easy and efficient.
With Optalitix Quote, insurers gain better visibility and control over claims and premiums, paving the way for more accurate pricing and advanced analytics like AI.
