Reproductive health insurance provider Juniper has entered into partnership with specialist data analytics solutions provider Optalitix.
Juniper aims to address a gap in the health insurance market by providing comprehensive genital insurance, often excluded by other healthcare products.
Juniper has selected Optalitix Models to offer quotations and a seamless service to brokers promoting its new offering to the market.
In February, Health & Protection reported that insurance start-up Juniper had raised a £1.5m pre-launch investment for its reproductive healthcare insurance offering.
Optalitix is an insurance software company providing a platform for pricing and underwriting insurance policies.
Optalitix Models offers pricing for coverage, with access for brokers, their clients, and employees to Juniper’s market-first products.
It offers two online products: Optalitix Models, which enables any model to be hosted and managed in the Cloud with integrations to core policy systems; and Optalitix Quote, which provides a pricing platform and underwriting workbench for underwriting departments.
By using Optalitix Models, Juniper will be able to place its Excel models in the cloud with API integrations via a scalable operating system in a controlled environment.
This enables enhanced audit trails, testing, progressive adoption, and correction without being limited by inefficient procedures or infinite versions of Excel files with significant discrepancies.
Sam Pratt, co-founder and CPTO at Juniper (pictured) said: “Working with Optalitix enables Juniper to ensure our reproductive health cover is the most comprehensive, inclusive, and seamless-to-use offering available.
“In our industry, data lacks uniformity and processes are often exceedingly manual, which makes using the correct pricing model challenging.
“Parsing and normalising Excel spreadsheets is not our core business, and the effort required to get it right was immense.
“With Optalitix, we keep collaboration and iteration high, and maintain a single source of truth without building an expensive in-house solution.
“Impressively, Optalitix had our models imported, running, and integrated in under a day.”
Greg Gwilliam, head of insurance platforms at Optalitix, said: “We welcome Juniper as a partner.
“Their business covers a much-needed gap in the health insurance space and with Optalitix Models it will be perfectly positioned to seamlessly and easily scale up operations as demand for its products grows.
“Juniper has a very bright future.”
