Optalitix, the InsurTech firm specialising in pricing and underwriting, has rolled out agentic AI functionality within its Optalitix Quote platform, allowing insurers that build pricing models in Excel and Python to apply AI across their underwriting operations for the first time.
The new AI agents are designed to help insurers, reinsurers and MGAs automate demanding pricing and underwriting work from beginning to end. Tasks they can handle include examining claims experience, spotting patterns and irregularities in loss data, assessing risk accumulation, checking quotes against authority limits and getting renewals ready. Rather than generating prices on their own, the agents rely on each insurer’s existing models and business rules to carry out work and produce recommendations.
According to the company, the capability cuts the time needed to bring pricing systems into operation and simplifies underwriting, lifting productivity and improving insight and decision-making. People stay firmly in charge throughout, with insurers keeping authority over approvals and holding an auditable log of every action and decision taken.
Optalitix argues that, as market conditions soften, firms able to price precisely and move quickly will gain an edge. Its agents support this by fitting around established pricing models, rules and sign-off processes instead of replacing them, so that pricing stays anchored in trusted models and underwriting know-how.
The firm has also made workflow configuration conversational. Teams can set out the underwriting process they need in plain English, and the AI converts that into system configuration, making workflows quicker to create and modify. Using the Model Context Protocol (MCP), clients can link AI assistants such as ChatGPT, Claude and Copilot to live data held in Optalitix Quote. A further phase, scheduled for Q1 2027, will let users start and oversee more complex tasks directly through those assistants.
A number of clients are currently live-testing the connectivity features to speed up pricing and underwriting, improve consistency and lower operating costs while maintaining governance.
Optalitix founding director Dani Katz said, “In today’s softer, more competitive insurance market, insurers need to price accurately and respond quickly without compromising governance or control.
“Our approach is moving beyond providing information to carrying out complex pricing and underwriting tasks using models that insurers already trust. By combining AI with existing pricing models, business rules and approval processes, Optalitix enables underwriters and actuaries to make better decisions, work more efficiently and respond faster to brokers and their clients.”
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