Iotatech, provider of a pay-per-use insurance platform, and Optalitix, which creates systems programmed in Excel, have launched a joint product for clients using the Iotatech Platform.
Iotatech clients can now programme their insurance systems using Excel models.
According to Dani Katz, co-founder of Optalitix, this allows insurers to create smarter pricing, renewal and claims services at a much lower cost than any other provider. Moreover, no system developers are needed and the system can be scaled up to service massive client volumes using the Cloud.
Dani explained: “This gives Iotatech clients a significant competitive advantage due to the speed of change and ability to adapt their pricing and retention algorithms more quickly in the market, with no coding needed.”
He added: “It will remove system bottlenecks and create a community of Excel users within insurers that are able to programme large systems using their business knowledge.
More from News
- Uber Eats Will Now Be Using Robot Delivery Services In The UK
- African Startups Secured Over $3 Billion In Funding In 2025
- Warner Bros. Becomes The Piggy In The Middle As Netflix And Paramount Battle For Ownership
- Why Do 57% Of UK Founders Say The EU Is Better For Growth Than Britain
- What Checkout Options Should Ecommerce Businesses Use In 2026?
- Why Is Reddit Going Against Australia’s Social Media Ban?
- How Is Nvidia Managing Chip Smuggling?
- Canva Reveals 2026 Design Predictions, Here’s What They Think
Areas where significant benefits can be realised by Iotatech customers include:
- Configurable underwriting rules allowing clients to adapt more quickly to risk and market conditions.
- Personalised messaging to increase renewal rates,
- Targeted, personalised discounts to improve sales conversion,
- More accurate reserving,
- Improved claims management at first notification of loss and smarter fraud prevention,
- Personalised customer journeys to create a better customer experience,
- Customised commission calculations improve broker personalisation
Ahmad Mosa, Iotatech CTO said: “This successful collaboration with the Optalitix team, integrating our modern SaaS solutions through Iotatech’s configurable integration service could not have been easier. I am confident that our clients adopting this method of building models and algorithms will more easily solve complex business problems, adding competitive advantage to their businesses”
Dani Katz said: “We look forward to creating real innovation and value for Iotatech’s clients that can now use spreadsheets to create valuable insight in the insurance process.”
