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Opta
Why most of your commercial clients are underinsured by at least 30%
December 12, 2023 by Jason ContantAccurate valuation and occupancy data points remain top challenges for commercial broker submissions, according to Greg McCutcheon, president of Canada’s largest property data provider, Opta Information Intelligence. In this inflationary environment, keeping up with valuations and ensuring commercial property brokers…
What’s contributing to rising reconstruction costs in Canada?
June 4, 2021 by Jason ContantSupply shortages and the skyrocketing price of lumber have combined with project delays and the continued effects of the pandemic to raise property reconstruction costs in Canada, according to the latest reconstruction cost update from Opta Information Intelligence. Opta’s recent…
Brokers urged to help their commercial clients using these traditional, proven risk assessment tools
February 4, 2020 by David GambrillIn addition to using modern data analytics, commercial brokers can use traditional, proven risk assessment tools to help business clients understand and cope with price increases in today’s hard market, says a veteran of three hard markets. Inspections have been…
Data to the rescue
January 2, 2020 David Gambrill, Editor in ChiefWitness to three hard markets, Greg McCutcheon, president of Opta Information Intelligence, tells how advanced analytics can predict the winners and losers in today’s hard market
Opta acquires getClarity: linking property and risk data with consumer profiles
February 14, 2019 by David GambrillWith its recent acquisition of getClarity, Opta Information Intelligence is expanding into the area of customer and prospect behaviour. Opta is Canada’s largest property data aggregator and a provider of risk intelligence and loss control services. Its solutions include iClarify…
How to make money during an unprofitable market
January 24, 2019 by David GambrillAs market conditions start to become more challenging in personal home, auto and commercial property lines, how can carriers and brokerages maintain a healthy, profitable book of business? “To me, there are three possible strategies,” says Greg McCutcheon, president of…
How to carve out more time to advise your small business clients
October 14, 2018 by Greg MeckbachSmall business clients want to spend less time filling out insurance application forms and more time getting advice from their brokers, an insurance technology expert says. “Unlike personal insurance, where there is more propensity to go direct, small business owners…
Wildfire Grading Index launched following losses in Kelowna, Slave Lake and Fort McMurray
June 7, 2017 by Canadian UnderwriterFire Underwriters Survey (FUS), a division of Opta Information Intelligence, has developed a new model for insurers to better understand the risk of wildfire-related losses. The model was developed after FUS studied the wildfire losses in Kelowna, Slave Lake and…
Opta Information Intelligence launches iClarify Farm Solution for Canadian insurance marketplace
April 19, 2017 by Canadian UnderwriterOpta Information Intelligence has announced the expansion of its suite of services to the Canadian property and casualty (P&C) insurance industry with the launch of iClarify Farm Solution. Markham, Ont.-headquartered Opta, creator of iClarify and Peril Score analytic solutions, announced…
Impact Forecasting launches new cat modelling platform, including new flood models for Canada
July 12, 2016 by Canadian UnderwriterImpact Forecasting announced on Tuesday that it has launched ELEMENTS 10, its complete catastrophe modelling platform, which includes new flood models for Canada. ELEMENTS 10 offers the ability to run insurers’ own or third-party model, plus access to new flood…
Opta Information Intelligence Expands Their Innovations with the Launch of Inspection Score to the Canadian Insurance Marketplace
March 30, 2016 SCM Insurance ServicesTORONTO – Opta Information Intelligence (Opta), creators of iClarify™ and Peril Score™ analytic solutions, are proud to expand their suite of services and innovations to the Canadian property and casualty (P&C) insurance industry with the launch of Inspection Score. This…