Reduce the cost of validating policies using Optalitix Models to create an API to access your policy databases. Optalitix Models calls any database and returns key policy information for validation (e.g. cover details, premium, start and end dates, etc.). Any other system can get the data needed from the databases with no development needed other than the API call.
Insurance Policy Validation
The headline stats
90
%
Reduction in development time and cost
>
100
m
Number of database calls
1
platform
Single hosted platform for all policy validations
ISO27001
& CyberEssentials
Security Certificates
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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