UK-based InsurTech firm Optalitix has launched Model Monitoring, a new feature for its flagship Optalitix Models platform, offering real-time tracking and analysis of insurance pricing models.

The tool allows insurers to monitor model usage, detect anomalies, and optimise performance, resulting in faster quote generation and more accurate pricing.

Model Monitoring supports all major modelling formats, including Excel, Python, and R, and will be available to clients on a self-service basis from July 2025.

The upgrade also delivers a 70% boost in model performance speed, powered by integration with Google Cloud’s system tracking technology.

Optalitix product manager Ricky Jayes said, “This change is groundbreaking for our clients, giving them far deeper insight and awareness of the performance of their entire model estate.”

Optalitix founding director Dani Katz said, “We believe the inclusion of a single source for model monitoring for insurers’ entire model estate, including their Excel, Python, and R models, is a world first. Optalitix is committed to providing groundbreaking technology to help insurers manage their advanced model estates.”