Skip to content
Login:
Opta Client Care:1-855-218-0784      


Opta Newsroom

Opta wins Canadian Insurance Analytics Innovator of the Year

Opta wins Canadian Insurance Analytics Innovator of the Year
17 May 2016

Opta Wins Canadian Insurance Analytics Innovator of the Year

Toronto-May 17, 2016

Alongside the Insurance Analytics Canada Summit, which took place in Toronto on May 12-13, Insurance Nexus hosted an awards ceremony to recognize leaders at the forefront of the Canadian insurance industry.  

Opta is proud to announce its win as the Canadian Insurance Analytics Innovator of the Year. The award was given in recognition of Opta’s achievements in analytics and innovation, along with the organization’s ability to deliver solutions that have changed the industry and continue to reshape the way insurers and underwriters manage risk.

Over the past five years, Opta, architects of the iClarify™ valuation tool, has been working with multiple insurance carriers within the Canadian P&C industry on various forms of predictive analytics as a means to gain or maintain a competitive advantage in the marketplace. Given its success, Opta has continued to expand its suite of services and innovations over the past year using advanced analytics, big data, and machine learning technology to develop some of the industry’s newest and most exciting products such as iClarify Prefill,Commercial Peril, Flood Score, Inspection/Attribute Score, and OptaCAT.

“The partnership we forge with our customers is something that’s quite unique and the major reason we’ve been successful in attaining distinguished market stature,” explains Greg McCutcheon, President of Opta. As the largest property data aggregator in Canada, Opta has geo-coded intelligence on 10 million residential and over two million commercial properties nationwide. “Used by 90 percent of Canadian insurance companies for new business quotes and policy issuance, the speed at which we deploy products at our client’s place of business is essentially distinctive and trendsetting.”

Looking to the future, Opta is focused on building best-in-class products by leveraging competent technology and evolving trends. “We aim for innovation fueled growth based on our core values of team spirit, persistence, and passion. Having these traits at the core, we strive to ensure greater success and customer satisfaction in the coming years ahead,” concludes McCutcheon.



Request More Info

Interested In:



Left Arrow Icon
  • iClarify Valuations - 2015 National Study

    The only desktop solution that lets you validate property data instantly, accurately and efficiently

  • The Power of iClarify in Rural Areas

    Find out what powers the accuracy of iClarify™ valuations in Rural Areas. Read more...

  • AutoVision

    Find out how one insurer used AutoVision to earn a 3.5:1 ROI in the first year of implementation.

  • Big Data, Analytics, and Baseball

    Predictive analytics has not been fully applied to the property side and the primary consequence has manifest to an $11 billion dollar insurance-to-value (ITV) challenge

  • iClarify Valuations: Ontario

    Ontario’s average variance is 0.67% between Contractor Estimate and iClarify™ Valuations. Find out what powers the accuracy of iClarify™ Valuations.

  • iClarify Valuations: Alberta

    Alberta’s average variance is -0.30% between Contractor Estimate and iClarify™ Valuations. Find out what powers the accuracy of iClarify™ Valuations.

  • iClarify Valuations: BC

    British Columbia’s average variance is -0.22% between Contractor Estimate and iClarify™ Valuations. Find out what powers the accuracy of iClarify™ Valuations.

  • iClarify Valuations: Quebec

    Quebec’s average variance is 1.66% between Contractor Estimate and iClarify™ Valuations. Find out what powers the accuracy of iClarify™ Valuations.

  • iClarify Valuations: Atlantic

    Atlantic Region average variance is 0.90% between Contractor Estimate and iClarify™ Valuations. Find out what powers the accuracy of iClarify™ Valuations.

  • CAA Insurance

    CAA Insurance was looking for ways to streamline their policy quoting process. Read more...

  • Savings with iClarify

    A leading Ontario insurance broker was looking for ways to streamline their renewal and quoting process. Read more...

Right Arrow Icon