I think the best time to fix things is now. There are going to be three years remaining of hard markets. And during that time, there are going to be a lot of new players. We’ve already seen a lot of new players this year within the London Market. In order to compete when the market soften, it’s critical to get the digital infrastructure in place now.
Introduction
Optalitix was borne out of the need for ‘optimization’ and ‘analytics’, as Co-founder and Director Dani Katz realized the biggest blocker for insurance companies was converting spreadsheets. Having now expanded beyond spreadsheets, Optalitix offers three software products to UK (re)insurers and MGAs.
Robin Merttens spoke to Dani about the spreadsheet polemic, innovation in the London Market and the permeability of finding solutions to difficult problems in both work and personal life.
Key Talking Points
- Growing out a company – solving challenges for insurers
- To spreadsheet or not to spreadsheet
- Reflecting on how far digitisation has come in the industry
- Suns and roofs – best moment to innovate
- Underwriting workbenches – where to start?
- Joining Google Cloud Marketplace
- Founding a charity
Read Matthew’s tips on being a panel host here.
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This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Describe how the London Market can adopt digital transformation
- Explain how an underwriting workbench operates and how an insurer can adopt them
- Identify the issue with spreadsheets and what are the pros and cons of using them
Let us know you have listened to this podcast by emailing [email protected] and if your organisation is a member of InsTech you will receive a quarterly summary of the CPD hours you have earned.
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