Optalitix digitises CannGen’s underwriting processes across North America and Europe

Optalitix is set to digitise and streamline underwriting processes for CannGen Insurance Services as part of a new collaboration.

Optalitix is set to digitise and streamline underwriting processes for CannGen Insurance Services as part of a new collaboration.

Through the move, Optalitix onboarded CannGen to its Models and Quote platforms, streamlining manual workflows into a seamless, digital operation.

CannGen’s pricing models were digitised and integrated into the Models platform, with workflows customised to their specific requirements.

These updates eliminate manual data entry, centralise pricing data, and enable real-time analytics for underwriting teams.

The collaboration brings several advantages for CannGen, including improved auditability, enhanced control over pricing operations, time and cost savings, and a centralised repository for pricing models and documentation.

Optalitix’s Quote system also supports automated document generation, integrated dashboards, and actionable insights, allowing CannGen to respond to industry trends with greater agility.

Tthis partnership signifies a significant expansion into the North American market for Optalitix, offering valuable insights for refining its platforms to meet diverse global needs.

The phased rollout, completed on 16 December 2024, included requirements analysis, build and User Acceptance Testing (UAT), and Go-Live stages.

Chris Jones, president & COO at CannGen, said, “As the President and COO, I’ve been impressed by Optalitix’s professionalism and clear communication. Their ability to adapt our familiar Excel-based processes into a modern platform, while maintaining user comfort, is particularly noteworthy.”

Alex Gurr, head of business development at Optalitix, added, “This collaboration is an exciting step forward for both companies. By digitising CannGen’s pricing systems, we are not just improving efficiency but helping to set a new standard for underwriting in emerging industries like cannabis.”

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