Dani Katz, Co-founder & Director: Optalitix: Fix the roof while the sun is still shining (298)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 14 April 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 include: 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? - Find out in InsTech's recent report Joining Google Cloud Marketplace Founding a charity Read Matthew’s tips on being a panel host here. If you like what you're hearing, please leave us a review on whichever platform you use or contact Dani Katz or Matthew Grant on LinkedIn. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected] Continuing Professional Development 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 If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 298 page of the InsTech website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

Click on a timestamp to play from that location

0:00.0	So my view on that is the best time to fix the roof is when the sun shining.
0:05.0	And the sun is definitely shining at the moment.
0:06.6	We're going through, within the London market, it's probably one of the best few years that the market's ever seen.
0:12.1	According to John Neal, it's the best year since 2007, so over two decades.
0:17.4	I think the best time to fix things is now.
0:37.7	Welcome and good morning, good evening, wherever you are, and whatever you are up to, Matthew Grant here, but another week off from me on the podcast as Robert Mertens is your host today.
0:39.3	But I have not been idle.
0:43.9	We've just released an article, I wrote, 15 ways to become the perfect panel host.
0:49.7	It might be something useful in there for you if you're hosting or even just a guest on a panel discussion.
0:54.1	You can find that on LinkedIn or on our website, and there's going to be a link in the episode notes.
0:58.7	Now, I know you're also going to enjoy hearing from Danny Katz, co-founder of Optolitics.
1:02.7	Now, we're hearing more and more these days about underwriting workbenchers and algorithmic underwriting.
1:03.4	And this is a chance to learn directly from a company that is one of the leaders in that field,
1:07.5	along with Danny's own personal experience as a founder. And if you haven't already
1:12.3	discovered what we're up to at INSEC and we're a whole lot more than just podcasts, do take a look at our
1:16.5	website www.com to see our content, events and interviews. The website has been rebuilt. You can now
1:23.7	quickly find what you need. Test out the search bar on there. See what we've been up to and do take a look out for events, maybe one coming to you soon. Well, we're delighted
1:31.9	to Optitics as one of our members. So time for me to get out of the way and hand over to Robin and Danny.
1:41.0	Instech podcast time again. And this weekend, we have got Danny Katz with us.
1:47.0	Danny is the co-founder and our director of Optalytics.
1:50.0	Thank you Robin. Great to be here. I've been listening to your podcast for a long time and I love them.
1:55.0	Danny, thanks for joining us. Look, we're going to go right to the beginning of the Optalytics story.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from InsTech, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of InsTech and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.