Verto Syndicate 2689 and Optalitix announce partnership

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Verto Syndicate 2689 (Verto), a follow-only Lloyd’s syndicate, and Optitixan award-winning one insurtech company providing SaaS software to leading insurers in the UK, today announces its partnership creating meaningful innovation in the Lloyd’s market through a fully digital pricing system with full AI capability.

The incorporation of AI and rapid algorithm development through the Optalitix Quote product will enable Verto to seamlessly identify the best risks available in the market and increase returns for Verto’s investors.

Lloyd’s new digital and data capabilities offer insurers with fully digital pricing processes the ability to create faster underwriting processes that improve risk selection.

Verto is pioneering digital innovation and will benefit from the enhanced insights into pricing and visibility, as well as improved efficiency of the underwriting process, that the Optalitix quote system offers. Chris Sharp, Active Underwriter at Verto, said: “We are pleased to expand Verto’s offering as Lloyd’s digital-first company, able to maximize the opportunities of Lloyd’s initiatives.”

Dani Katz, Co-Founder of Optalitix, added: “We look forward to strengthening Verto’s capabilities in the new digital market emerging at Lloyd’s and to further innovating with the Optalitix Quote product suite.”

Verto uses “Optalitix Quote” which was developed to help insurers make the transition from a spreadsheet system to a fully digital system. Optalitix Quote has integrations designed for the London insurance market, allowing clients to integrate and scale quickly.

https://techround.co.uk/news/verto-syndicate-2689-optalitix-partnership/?utm_source=rss&utm_medium=rss&utm_campaign=verto-syndicate-2689-optalitix-partnership Verto Syndicate 2689 and Optalitix announce partnership

Fry Electronics Team

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