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Opta Evolves to Remain at the Forefront of an Ever Changing Industry

Opta Evolves to Remain at the Forefront of an Ever Changing Industry
20 December 2016

Opta continues to lead the P&C industry thanks to continued product development and commitment to its clients. 2016 was a significant year for Opta winning several industry accolades and affirming its prominence in the field. In an industry undergoing rapid changes due to digital transformation, heightened customer expectations, and new entrants to the market, Opta has distinguished itself by adapting to the changes in the industry, innovating new products and solutions, and delivering on its promise to make its customers better.

One of the reasons why Opta has been able to surge ahead of competition in a fast-evolving market is because innovation and agility have always been at the core of Opta's DNA. With a powerful team of data scientists at its core, it has created paradigm-shifting solutions that help clients compete, drive profitability and internal efficiency.

"We have led the way in digital transformation with improved efficiencies, accelerated growth and enhanced customer experiences," said Opta’s President, Greg McCutcheon. “The awards and accolades that Opta has received in 2016 bear testament to our successes during the year.”

NOTABLE OPTA VICTORIES IN 2016

At the beginning of 2016, Opta was selected as a Top 10 Big Data Solutions Provider  by a panel of industry leaders made up of CIO's, CTO's, IT decision makers, and Insurance CIO Outlook's editorial board. Opta's inclusion in this prestigious list was based on core competency, product line, innovations, and market reach. The magazine praised Opta's dedication to client needs in the marketplace and remarked on the efficiencies driven by innovative solutions.

Opta's collection of accolades continued when an insurance survey conducted by FC Business Intelligence recognized Opta for its customer focus and ability to prioritize customer centricity by leveraging innovation-fueled technology and analytics solutions to deliver efficiencies and profitability.

Opta distinguished itself by being voted as the Most Critical Service Provider in Delivering the Future of Canadian Insurance, outperforming the analytics of giants such as Apple, IBM, and Google. In May 2016, Insurance Nexus presented Opta with the Innovator of the Year award at the Insurance Analytics Canada Summit, recognizing Opta was for its achievements in analytics and innovation, along with its ability to deliver solutions that have changed the industry and continue to reshape the way insurers and underwriters manage risk.

As 2016 drew to a close, Silicon Review named Opta as one of the 50 Smartest Companies of the Year, recognizing the organization for its innovation and ability to lead the way in digital transformation within the industry.

THE ROAD AHEAD

Opta shows no signs of slowing down in 2017. "Earning these four major awards have earned us a reputation of trust and partnership from many of our existing customers. We intend to expand this across other insurance lines of business, expand into adjacency markets and we hope, other geographies," said Greg McCutcheon.

Opta continues to attract top talent to its organization and to leverage that talent to deliver on its vision of being the engine of its clients’ success while reshaping the insurance industry through its innovative line of data-driven products and services. It is Opta’s forward thinking philosophy, both leading and anticipating changes to a constantly-evolving industry that makes them the partner of choice for clients embarking on a journey of digital transformation.



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