Opta and The Co-operators win awards for analytics use
Toronto, ON (May 16, 2016) – Insurance Nexus has announced Opta Canadian as Insurance Analytics Innovator of the Year and The Co-operators Canadian as Insurance Analytics Carrier of the Year at Insurance Analytics Canada 2016.
The Co-operators won the Canadian Insurance Analytics Canada Carrier of the Year Award for their extensive use of analytics in many areas. In 2015, they enabled self-service and visual analytics through a centralized Business Intelligence reporting portal, they launched a flood research initiative based on external data sources, and started using IoT and telematics data.
Prior to this, analytics successes like a multi-million dollar benefits claim predictive project, acted as a catalyst to attaining management buy in and consequently continuous investment in analytics in the organization.
At the event to receive the Award was Carl Lambert, VP of National P&C Business Intelligence from the Co-operators along with over twenty-five members of his team.
Opta won the the Canadian Insurance Analytics Innovator of the Year Award. Voted in an FC Business Intelligence survey in 2015 as the service provider delivering the future of Canadian insurance, Opta has been recognized for its solutions that are designed to provide a unique approach to risk management.
Opta streamlines operational efficiencies, improves profitability and enhances the customer experience by geo-coded property address risk intelligence. Opta’s innovations have already been adopted by many Insurers and continue to reshape the Canadian insurance marketplace.
Greg McCutcheon the President of Opta received the award along with a number of his team. Opta were also sponsors of Insurance Analytics Canada.
About Insurance Nexus
Situated between London’s Silicon Roundabout and the City, Insurance Nexus is at the innovative heart of an industry undergoing significant disruption and innovation. Insurance Nexus is the central hub for insurance executives. Through in-depth industry analysis, targeted research, niche events and quality content, the team provides the industry with a platform to network, discuss, learn and shape the future of the insurance industry.