PriyaPatel
TLDR:
- InsurTech Optalitix partners with Quantee to revolutionize insurance pricing.
- The collaboration aims to streamline the quoting process for insurers, providing accurate pricing and optimization at scale.
InsurTech Optalitix has partnered with dynamic insurance pricing platform Quantee to revolutionize insurance pricing. This collaboration aims to streamline the quoting process for insurers, making it easier and more cost-effective to access customers, especially on aggregator sites. By integrating Optalitix Quote with Quantee’s pricing engine, insurers can expect accurate pricing and optimization at scale, particularly for high-volume retail insurance products like motor, home, and travel.
Optalitix offers Optalitix Quote, an underwriting workbench that allows underwriters to embed pricing models swiftly, reducing system development time and speeding up market entry. Quantee provides a pricing engine that enhances the granularity and accuracy of pricing models. The partnership aims to provide insurers with a ready-to-use pricing product, facilitating quick access to price retail customers online and via aggregators.
Both companies see potential in expanding their client bases beyond their current markets and leveraging each other’s capabilities to enhance their offerings. With aligned strategies and objectives, the partnership between Optalitix and Quantee is expected to bring comprehensive solutions to insurers’ challenges around underwriting, data analysis, and pricing.
