Optalitix

No-code cloud platform for deploying and managing pricing models, underwriting workbenches, and digital lending workflows

Underwriting & Risk Growth Series A

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Overview

Optalitix is a cloud-based pricing and underwriting technology platform for insurers, reinsurers, MGAs, and lenders. Founded in 2013 and headquartered in London, the company enables actuarial and underwriting teams to convert existing models -- built in Excel, Python, R, or SQL -- into governed cloud APIs without redeveloping them from scratch. Its platform serves clients across the London Market, Lloyd's of London, and international insurance markets.

The product suite has three main components: Optalitix Models converts existing pricing and risk models into scalable, API-accessible decision engines hosted on Google Cloud; Optalitix Quote provides a cloud-based underwriting workbench that consolidates pricing and workflow tools into a single environment; and Optalitix Originate digitizes loan origination and credit model deployment for banks and lenders. Deployment typically takes one to two months, and the company's Flow technology runs models up to 30 times faster than traditional Excel execution.

Optalitix has raised approximately USD 8M across three funding rounds, with investors including Calculus Capital and 24 Haymarket. The company is a Lloyd's Lab alumnus and holds ISO 27001 certification. Notable customers include Pool Re, Zurich, Tokio Marine, SiriusPoint, Lloyd's of London, H.W. Kaufman (Burns & Wilcox), FBD, and YuLife.

Products & Services

Optalitix Models

Cloud platform that converts existing pricing models (Excel, Python, R, GLM, SQL) into scalable, governed cloud APIs without requiring redevelopment. Models are hosted on Google Cloud Platform and integrated into any core insurance system via REST API.

Key Features

Centralized model management with version control and audit trails
Flow technology for parallel batch processing up to 30x faster than Excel
Chained model orchestration and regression testing
Role-based access controls and IP protection for model logic
ISO 27001-certified infrastructure on Google Cloud

Target Users: Actuaries, data scientists, underwriters, IT leaders, and C-suite at insurers, reinsurers, and MGAs

Optalitix Quote

Cloud-based pricing and underwriting workbench that consolidates quoting tools and underwriting workflows into a single digital environment. Supports 60+ lines of business.

Key Features

Single data entry with structured risk capture
Approval workflows, quote version history, and audit-ready tracking
Automated document generation and real-time dashboards
Intelligent triage and broker quote tracking
Implementation typically one to two months; support 8am-6pm UK time weekdays

Target Users: Underwriters and underwriting operations teams at insurers and MGAs

Optalitix Originate

Cloud-based digital lending platform that digitizes the full loan lifecycle from application intake through credit decision, integration, and reporting. Available on AWS, Azure, and GCP.

Key Features

Flexible credit policy configuration and rapid credit model deployment
API-driven integrations with core banking and policy administration systems
Enterprise governance with full audit trail
Multi-cloud architecture (AWS, Azure, GCP)
Smarter credit assessment with configurable scoring models

Target Users: Banks, lenders, and specialty finance companies

At a Glance

Founded: 2013
Headquarters: London, United Kingdom
Employees: 51-200
Funding: Series A

Category & Focus

Category: Underwriting & Risk
Subcategories: Pricing Model Management Underwriting Workbench Decision Engine Platform
Insurance Verticals: P&C Commercial Specialty/E&S Reinsurance Life & Annuity
Target Customers: Carriers, MGAs/MGUs, Reinsurers, Brokers