Optalitix Quote: Real-Time Risk Exposure Management for Insurers

For insurers, understanding risk exposure throughout the month can be challenging. While written business is often tracked, quoted business—occurring outside core systems—is harder to monitor. This can lead to surprises at month-end, with unexpected risk concentrations that force insurers to limit new business or even raise additional capital.

Optalitix Quote addresses this by consolidating both in-force and quoted exposures, offering insurers real-time visibility of their risk profile. With its analytic and visual tools, Optalitix Quote helps underwriters align quotes with their risk appetite, giving insurers more control over their capital and exposure.

Key Benefits:
  1. Informed Risk Decisions: Underwriters gain better insights at the quoting stage.
  2. Enhanced Risk Forecasting: Forward-looking view of outstanding quotes helps in forecasting risks.
  3. Clear Visualisations: Dashboards and mapping tools simplify risk assessment.
  4. Speedy Analysis: Cloud computing and geomapping tools enable rapid exposure analysis, such as catastrophe risk.

Manage exposure to boost capital efficiency

Optalitix Quote empowers insurers to maintain capital efficiency and confidently manage their risk exposure in a dynamic environment.

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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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