FROM INFORMATION TO INSIGHT
What gives Opta Information Intelligence a competitive edge in the market ? What makes it unique ? I believe our number one competitive edge is that our people possess an extraordinary amount of information about the Canadian market and specifically the Canadian insurance industry . In addition to this , we ’ ve also amassed the largest property data set in commercialized property . By utilizing the wealth of our dataset and our analytical capabilities , as well as our ability to understand the Canadian insurance market we have a unique perspective in the market .
What advantages does the company ’ s technology offer ? What outcomes can customers expect ? We offer superior property information intelligence for underwriting purposes . Canada is the second largest country in the world ; there are varying degrees of elevation , areas where there is floodplains or unprotected fire zones and then there are urban centres which have their own risks . We understand the Canadian geography and are the number one data provider to help organizations turn this into actionable insights .
How has Opta Information Intelligence supported Gore Mutual Insurance in its latest digital transformation ? Gore Mutual Insurance has been a very strong partner and believer in Opta ’ s solution . The company has also been a very helpful co-development partner in services that we ’ ve brought the Canadian market such as iClarify , which is the number one personalized property underwriting quoting tool in the country . With Gore ’ s digital transformation , I believe that we were able to understand its unique position in the Canadian market place and respond with solutions in a customized fashion that help improve efficiency and drive improved underwriting results .
Could you provide another example where Opta Information Intelligence has helped to enable digital transformation ? When the Fort McMurray fire happened in Canada , nobody was able to really understand which properties were total loses and damaged or which ones weren ’ t . This was because you weren ’ t able to get on site for weeks after the fire . We were able to utilize advanced artificial intelligence ( AI ), satellite imagery and train computers to recognize which homes were lost and how much those losses would be . We hired a satellite to go over the area and within days of the fire , we were able to deliver a solution which demonstrated to a lot of insurers , the power of artificial intelligence , the potential of data and the realm of the possible .
What does the future hold for Opta Information Intelligence ? Are there any upcoming developments we should watch out for ? We ’ re exploring opportunities within Fintech and Municipal markets within Canada . Our massive amount of data and profes sional attributes can offer new insights to differ ent markets but ultimately our number one goal is to always be a relevant and meaningful partner to our Canadian insurance customers .