Optalitix, a provider of advanced insurance underwriting software, has announced a strategic partnership with PwC to provide innovative underwriting solutions to insurers operating at Lloyd’s and within the broader London Market.
The move will see PwC help deliver enhanced implementation services and comprehensive support to users of Optalitix Quote, a leading underwriting and pricing platform tailored for insurers, according to FF News.
The partnership is designed to leverage Optalitix’s state-of-the-art insurance technology alongside PwC’s actuarial expertise and specialist contract services.
Optalitix is renowned for its innovative solutions in insurance technology, particularly through Optalitix Quote, a platform enabling precise underwriting and pricing functionalities for insurers. Its technology facilitates the development of robust pricing models tailored to individual client needs.
PwC, a globally recognised leader in professional services and consulting, brings decades of expertise in actuarial services and insurance sector operations.
The firm is well-equipped to provide insights and governance over pricing strategies, ensuring clients achieve flexibility, accuracy, and enhanced operational outcomes.
Through this partnership, insurers will benefit from accelerated implementation of pricing systems, access to advanced pricing model templates, customised training, and performance optimisation support.
PwC consultants, trained in Optalitix’s products, will assist clients in reviewing current pricing systems, planning transformations, and enhancing model development.
The collaboration allows PwC to integrate Optalitix pricing models into their service offerings, while Optalitix can incorporate PwC’s pre-built pricing templates into its platform. This symbiotic relationship will enable clients to deploy and refine their systems with greater efficiency.
Optalitix co-founder Dani Katz said, “I’m excited to be able to offer Optalitix’s clients PwC’s actuarial advice and assurance on our system, giving them more certainty on the quality of the pricing models used and helping them to complete their build sooner.
“PwC is incredibly well respected in the insurance industry, and PwC’s actuarial team are highly skilled in Optalitix products and professional in their work, giving our clients a valuable option for any Optalitix pricing transformation project.”
Mohammad Khan, partner – general insurance at PwC, said, “We are thrilled to announce this strategic collaboration between Optalitix, a leader in underwriting software for insurers, and PwC, a globally recognised leader in professional services and consulting, including in the insurance sector.
“Together, we are committed to elevating our clients’ pricing and underwriting operations by providing significantly enhanced insights and governance over their pricing strategies, unparalleled flexibility in deploying pricing models, and improved accuracy in their pricing processes.”
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