Maintain Consistency and Control with Optalitix Models’ Version Tracking

Managing pricing models across different teams and systems can quickly become complex. When model updates are needed, consistency is crucial—new quotes should reflect updated pricing, while previous quotes must remain tied to the original model. Optalitix Models offers powerful version control to ensure accuracy and seamless updates across all models.

Key Features for Effective Version Management

Optalitix Models equips businesses with essential version-tracking tools to streamline model updates and enhance governance. Here’s how it works:

1. Track Model Versions and Ensure Consistency

Optalitix Models tracks each model update with a unique version number and API endpoint, making it easy for external systems to apply the correct version. Each API call returns the relevant version number, ensuring that repricing always references the appropriate model, even as updates roll out.

2. Easy, No-Code Tagging and Deployment

With a simple, no-code system, Optalitix Models enables tagging of multiple versions without impacting the live model. Updated models can be quickly deployed to production, allowing for efficient, controlled updates across the business.

3. Better Governance with Full Version Control

Each calculation is tracked by version, so teams can see exactly which models are in use. Optalitix Models captures the date of each update, the user’s identity, and requires comments, ensuring a transparent audit trail for full accountability.

4. Easy Version Testing for Reliable Model Changes

The testing feature in Optalitix Models ensures each model update can be evaluated against prior runs, reducing the risk of errors and confirming consistency and alignment with previous results. This feature strengthens quality control and builds confidence in model consistency.

Enhance your model management and increase pricing efficiency

Optalitix Models simplifies model management with intuitive version tracking, governance, and testing, ensuring that pricing remains consistent, reliable, and ready for any business need.

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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

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