Revolutionise Pricing with GLM and AI: Optalitix + Quantee Partnership
In the competitive world of insurance, where precise and dynamic pricing is vital, Generalized Linear Model (GLM) pricing remains a foundational approach. But, as insurers face increasing pressure to process massive volumes of data and respond quickly to market shifts, GLM pricing needs to be faster, more adaptable, and scalable than ever. That’s where our partnership with Quantee comes in. By integrating Quantee’s advanced AI-powered pricing capabilities directly into the Optalitix platform, we’re empowering insurers with seamless, cutting-edge GLM pricing solutions. Here’s how our partnership helps transform your pricing strategy.
1. Deploy Quantee Models Seamlessly with Optalitix Integration
Our integration with Quantee means insurers can quickly and easily deploy Quantee’s GLM models directly to underwriters within the Optalitix platform. This enables underwriters to access powerful, AI-enhanced pricing tools without needing to switch platforms or disrupt workflows. It’s a streamlined solution designed for ease of use and efficiency, allowing your team to leverage sophisticated pricing insights with minimal setup.
2. Scale Your Pricing for High Volume Requests
In a highly competitive market, insurers must respond to the vast number of pricing requests generated by aggregators. The Quantee-Optalitix integration allows insurers to handle these large volumes effortlessly, scaling up to meet demand without compromising accuracy or speed. With our platform, you can manage and adjust pricing across numerous requests in real time, ensuring that every response is timely and competitive.
3. Boost Profitability with Cutting Edge Pricing Functionality
Pricing isn’t just about competitiveness; it’s about profitability too. Quantee’s pricing engine, now accessible within Optalitix, allows insurers to fine-tune their pricing strategies with precision. By integrating advanced AI insights into your pricing, you can better manage risk, optimize premium levels, and enhance profitability across your portfolio.
4. Reduce Repricing Turnaround Times with Easy Model Updates
When market conditions shift, insurers need to adjust pricing swiftly. The Quantee-Optalitix integration enables fast repricing by allowing insurers to automatically update models on Quantee and automatically update the live model on the Optalitix platform. This significantly reduces turnaround times for repricing, boosts model governance and prevents pricing errors, ensuring your organization remains responsive and agile, even in rapidly changing markets.
5. Combine External Data and Models with a No-Code Interface
To create the most accurate pricing, insurers need access to a wide range of data sources. Our integrated solution makes it easy to blend external data, alternative models, and additional tools with Quantee’s pricing models—all within a simple, no-code interface. This flexibility allows you to customize and enhance your pricing approach without needing extensive technical expertise, empowering your team to innovate faster.
Boost your pricing with GLM models
By combining Optalitix’s seamless platform integration with Quantee’s state-of-the-art pricing capabilities, insurers can achieve the scalability, speed, and precision needed to stay competitive. Our partnership delivers not only a powerful GLM pricing solution but also a strategic advantage, giving your team the tools to excel in a rapidly evolving insurance landscape.
