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


Opta Newsroom

Your property risks are changing. Is your data keeping up?

Your property risks are changing. Is your data keeping up?
11 December 2018

Your company's ratings for property risks are only as good as the data you rely on to classify and price those risks accurately. Over the years that you insure a property risk, the risk and the perils it is exposed to may undergo changes big and small that can impact the rating. But is that data reflected in your underwriting analysis? Or is your company renewing policies based on outdated information because you don't have the right solution?

Poor data quality can lead to premium leakage and that can impact the profitability of your property portfolio now and for years to come. If your company is building pricing algorithms based on a small set of claims data and outdated underwriting information, you may end up taking on the wrong risks or develop a customer segmentation strategy with built-in-flaws.

To address these challenges, insurance companies need to work with a partner that can deliver robust data solutions based on the largest, most accurate and reliable datasets. As the largest property data aggregator in Canada, Opta delivers premier risk intelligence tools and services based on the most superior data in the industry. Opta's data is continuously validated and self-corrected through real-time dialog and continuous research using the largest repositories of Canadian inspection reports and actual total loss data.

In addition to helping your business today as the industry's most powerful property data source, Opta can help you build successful strategies for navigating a hard market. Opta can help you address premium leakage in your company's property book through an analysis of in-force policies to gain insight on: what properties to inspect; properties with additional peril exposures; individual policy profitability; and the worst performing parts of a property book.

Contact us for a portfolio analysis.



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