Go.Compare has announced that it will integrate Optalitix’s distinctive motor and home insurance pricing solution, supported by Quantee, into its platform for insurers.
The collaboration is aimed at reducing system development time and costs for insurers, speeding up time to market, and improving pricing optimisation, according to FF News.
The partnership leverages the advanced pricing technology of Quantee, integrated into Optalitix Quote, to deliver accurate and scalable pricing solutions for high-volume retail insurance products.
Optalitix is known for its underwriting workbench, Optalitix Quote, which allows underwriters to embed their pricing models for faster market access and system efficiency. The company is focused on delivering innovative pricing solutions for insurance providers.
This partnership makes Go.Compare the first major aggregator to use Optalitix Quote, giving insurers a pre-built, flexible pricing solution that can easily integrate with their existing systems.
The combination of Optalitix’s infrastructure and Quantee’s pricing engine will streamline the pricing process for insurers on Go.Compare’s platform, offering both speed and precision.
Go.Compare, one of the UK’s largest insurance aggregators, is dedicated to offering a wide range of insurance products to customers, providing a platform that connects insurers and consumers. Their service is designed to help users find suitable insurance products efficiently.
Quantee is a cutting-edge InsurTech company that specialises in providing a dynamic pricing platform. Its technology enhances the granularity and accuracy of pricing models, allowing insurers to respond more effectively to market demands.
This partnership follows a recent collaboration between Optalitix and Quantee, where both companies worked together to develop a ready-to-use pricing product for insurers looking to access retail customers through online aggregators.
The Optalitix Quote system will also provide insurers with significant savings on infrastructure costs, enabling brokers and intermediaries to convert more leads into customers.
Dani Katz, Co-Founder and Director of Optalitix, said, “We are very excited to announce our partnership with Go.Compare. The new pricing product simplifies the on-boarding process and enables quicker and more cost-effective access to Go.Compare’s quotes, with enhanced pricing available using the superior Quantee pricing engine.
“Existing Go.Compare insurers, brokers, and intermediaries will be able to switch to the Optalitix Quote system. This will reduce the cost of their pricing system and provide them with a quote infrastructure to help convert more customers.”
Hoodi Ansari – Director of Data & Operations, Go.Compare, added, “Go.Compare exists to present customers with the widest range of products suitable for their needs. We recognise the challenge for specialist providers to reach their target market – and the value these providers can add to customers. We realised the key issues faced by new companies were the cost of the system infrastructure and access to the right data and technology.
“Working with Optalitix and Quantee, we have developed the new Optalitix Quote pricing platform for the aggregator market to address these issues, boost the usage of the Go.Compare platform, and provide data to improve new entrants’ understanding of the market.”
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