Calculus portfolio company Optalitix, a leading insurtech innovator, has announced the expansion of its flagship pricing platform, Optalitix Quote, into the reinsurance market.
Already widely adopted by insurers and MGAs, the platform now enables reinsurers to model treaty and facultative quotes, manage data, and streamline pricing processes within a single system. Early adopter Pool Re has already written over £250 million of business in just three months using the enhanced platform.
Previously reliant on manual processes, Pool Re has since automated quote binding and recording through Optalitix Quote, significantly improving speed, consistency, and oversight.
The expansion introduces advanced functionality, including:
- Uploading and reviewing historic treaty data
- Producing claims models and IBNR projections
- Running pricing scenarios for multiple reinsurance structures
- Integrating mapping and catastrophe data for risk assessment
- Simplifying quote ingestion through APIs
Outputs are tailored for underwriters, with reporting tools that enhance negotiation, support decision-making, and connect seamlessly with AI systems for deeper analysis.
Dani Katz, Co-founder of Optalitix, said:
“The new reinsurance features are a game changer. The flexibility and connectivity of Optalitix Quote enable reinsurers to price business on a single platform, while ensuring models and data are stored for greater insight and oversight.”