InsurTech Optalitix, a leading provider of AI-driven pricing and analytics solutions for insurers and MGAs, has announced a major expansion of its flagship pricing platform, Optalitix Quote.
The upgrade introduces advanced functionality aimed at meeting the complex pricing and risk analysis requirements of the reinsurance market, according to FF News.
The expansion comes in response to growing demand from reinsurers for a unified solution capable of modelling treaty and facultative reinsurance quotes, while also enhancing accuracy and efficiency in pricing workflows.
Founded to simplify insurance and reinsurance processes through automation and analytics, Optalitix develops software that enables clients to reduce costs, streamline operations, and leverage machine learning models for pricing, underwriting and claims management.
Optalitix Quote, already widely adopted by insurers and MGAs, now provides reinsurers with the ability to model complex reinsurance deals, manage quotes more effectively, and consolidate processes within a single system. The platform improves pricing accuracy and eliminates the need for fragmented pricing infrastructure.
The latest upgrade includes several powerful features:
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Claims and premium ingestion: reinsurers can upload, validate, and analyse treaty data with dashboards segmented by year, region, or risk type.
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Claims modelling: the platform generates IBNR projections and simulates losses, enhancing the pricing of non-proportional cover.
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Dynamic pricing tools: underwriters can test multiple structures and scenarios with advanced modelling capabilities.
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Underwriter-ready outputs: reports are presented in a clear and visual format to support negotiations.
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Embedded analytics: data is stored in accessible databases and can be integrated with AI tools.
Additional upgrades enable integration of mapping and natural catastrophe data for deeper risk assessments. APIs allow reinsurers to connect AI pricing tools, supporting enhanced quote ingestion and underwriter productivity. The result is simplified workflows, improved data storage, and increased pricing precision.
Early adopters are already seeing benefits. Pool Re, the UK’s terrorism reinsurer, reported writing over £250m of business in just three months using Optalitix Quote. Previously, the firm relied on lengthy manual processes to bind and capture quotes in its accounting systems.
Optalitix co-founder Dani Katz said, “The new reinsurance features are a game changer for reinsurers. The flexibility and connectivity of the platform enable reinsurance pricing on a single platform, and ensure models and data is stored to provide more insight and oversight into the pricing process.”
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