Unlock Seamless Insurance Operations with Optalitix API Integration

At Optalitix, we’ve taken integration to the next level. Our platform is API-enabled and features a cutting-edge integration engine, ensuring the seamless flow of data between your Policy Administration System (PAS) and Optalitix Quote in real time.

Here’s what makes our API functionality a game-changer for insurers implementing an underwriting workbench:

  • Effortless Policy Binding: Bind policies in the PAS while transferring key quote data, eliminating the need for double keying.
  • Streamlined Renewals: Extract data directly from the PAS to facilitate renewal quoting.
  • Real-Time Data Sync: Keep broker data, underwriting information, and risk codes perfectly aligned between the PAS and Optalitix Quote.
  • Simplified Quote Creation: Create quotes in the PAS and update their status effortlessly.
Key Benefits
  • Faster Policy Binding: Bind policies directly within the PAS, saving time.
  • Reduced Manual Work: Automate data capture between systems to improve efficiency.
  • Fewer Errors: Enjoy cleaner, more reliable data through automated integrations.
  • Unified Data View: Achieve a single, synced view of data across all systems.
  • Lower Development Costs: Leverage existing PAS integrations, reducing coding effort and expenses.

Seamless integration drives efficiency

Optalitix is transforming insurance operations with powerful integrations that drive efficiency, reduce costs, and enhance accuracy. Ready to simplify your underwriting process? Let Optalitix lead the way.

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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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