What is Ptally?
Ptally is a groundbreaking platform that employs artificial intelligence to aid insurers and managing general agents (MGAs) in the pricing of their insurance offerings. Pricing consultants utilize existing rating guides, Excel sheets, or US rate filings to establish your rates, rules, and calculations. Every adjustment is subjected to a thorough regression suite analysis prior to finalization and implementation with a mere click. A centralized rating engine drives a real-time pricing API, integrated quoting forms, and conversational agents, enhancing the overall user experience. Pricing teams can express model changes using advanced tools like ChatGPT, Claude, or Cursor through MCP, allowing for a smooth review and publication of modifications within Ptally. With a remarkable track record of processing over 50 million quotes and achieving a median execution time of only 38 milliseconds across diverse personal, commercial, and specialty lines, Ptally distinguishes itself in the industry. Importantly, there are no implementation fees associated with the service: the Performance plan charges up to 1% of the gross written premium without upfront costs, or users may choose a simple fee per active model. This diverse range of pricing options empowers insurers to select the plan that best fits their operational requirements. Additionally, Ptally's commitment to innovation ensures that its users remain at the forefront of market trends and technology.