Opterrix partners with SageSure
Visualization and analytics platform for guiding risk-related decision making Opterrix announced that SageSure , a technology-driven managing general underwriter specializing in catastrophe-challenged property markets, has licensed Opterrix software and weather modeling to enhance its claims management capabilities related to extreme weather.
“Opterrix has built some of the most sophisticated weather modeling and analytics capabilities in the industry. This partnership will enable us to enhance the precision and speed with which we respond to hurricanes, severe storms, wildfires and other catastrophe events. We have already begun leveraging Opterrix to reach out proactively to policyholders within hours of damaging hailstorms and to streamline claims processing.” – Paul VanderMarck, Chief Technology and Innovation Officer at SageSure.
Opterrix is a high-performance risk analysis platform that empowers insurers to proactively identify, quantify and mitigate avoidable losses, while reducing claims expenses and increasing policyholder engagement. Opterrix leverages advanced data science and integrated workflows to drive innovative strategies throughout the insurance value chain.
“We are excited to work with SageSure, which is known for using innovative technology to improve underwriting and claims management in coastal markets. We want to partner with the most forward-thinking organizations in the industry, and the alignment of our proprietary technology with SageSure’s industry-leading expertise is sure to drive the next generation of data science in the property insurance space.” – Ben Zimmerman, CEO of Opterrix.
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Launching in South Carolina followed by Florida, SageSure’s commercial product line, including businessowners policies (BOP), provides coverage for over 300 classes of businesses in six industry groups, such as office, retail and wholesale, restaurants, service and processing, habitational and real estate.