12 November 2024 – Insurtech Optalitix, the insurance underwriting software provider, today announces its partnership with the Insurance Knowledge Hub to enhance underwriters’ professional knowledge and understanding of Underwriter Workbenches, a hot topic for underwriters and actuaries in the market.
The Insurance Knowledge Hub is providing a new course, ‘Mastering Underwriting Workbenches’, via its innovative new platform. This is as CPD-accredited online course that has been developed in partnership with Optalitix who are excited by the ability to boost the expertise of the insurance industry by offering underwriters an accessible and manageable way to expand their understanding of new insurance technology, including pricing systems and AI.
The course will equip insurance professionals with the knowledge and skills required to use underwriting workbenches. In partnership with Optalitix, the course explores the critical role these tools play in modern insurance operations, from improving efficiency and accuracy in underwriting processes to enhancing risk management and compliance assurance.
Dani Katz, co-founder of Optalitix, said: “We are proud to partner with the Insurance Knowledge Hub and to give something back to the market by sharing our specialist expertise in this ground-breaking technical area of underwriting. Having worked in insurance pricing for over 30 years, I realise the importance of underwriting for the industry. Through a series of focused video modules, participants can learn about the benefits of integrating advanced technologies, such as analytics and automation, into underwriting workbenches, ultimately leading to better decision-making, reduced loss ratios, and deeper insight into complex risks.”
“It’s a pleasure to collaborate with Optalitix on Mastering Underwriting Workbenches, as they bring industry-leading insights and technology expertise to the project,” said Insurance Knowledge Hub Founder, Nicole Efthymiou. “Working together, we’ve developed a course that not only empowers insurance professionals with essential skills but also showcases Optalitix’s innovation in underwriting technology.
“Their commitment to advancing industry practices aligns perfectly with our mission to deliver impactful, expert-led training that resonates with today’s insurance landscape,” she added.
The course covers the practical aspects of converting pricing models into the system, ensuring model compatibility and maintaining regulatory compliance, and providing a holistic view of how underwriting workbenches can transform insurance operations.
In total, the course comprises ten video modules totalling around 50 minutes of viewing time and is followed by a multiple-choice assessment, which should take professional users between 10-15 minutes to complete.
