Deloitte Canada and Opta Information Intelligence have partnered to offer a property and casualty insurance solution for small businesses
Toronto, ON (Oct. 2, 2018) – Deloitte Canada is pleased to announce its strategic alliance with Opta Information Intelligence, a leading Canadian provider of residential and commercial structured risk information and property data.
“We are very excited to collaborate with Deloitte Canada to power property intelligence integrated within the Frank Insurance Solution”, states Greg McCutcheon, President of Opta Information Intelligence. “We have been assembling the most accurate and largest commercial property and casualty data set in Canada and have witnessed the benefits from an efficiency, loss cost reduction and overall marketing strategy for the industry”.
The solution, Frank Insurance, is an insurance platform that enables small businesses to understand their insurance needs and provide the right insurance solutions for their specific risks. As part of the joint effort, Deloitte will leverage Opta’s iClarify Commercial™ desktop solution.
“We are pleased to join forces with Opta Information Intelligence. Our collaboration will allow us to offer more accurate data solutions for insurance carriers,” said Daniel Shum, Partner, National Insurance Sector Leader at Deloitte. “The data from Opta Information Intelligence is harvested from proprietary sources closer to the “source of truth” and can update data quickly.”
The Frank Insurance solution is supported by Deloitte Canada’s extensive research on small business insurance needs and preferences, published in the whitepaper Insurance re-imagined: Unlocking the small business opportunity to help Canadian insurance carriers grow. This responds to a growing need in the market for coverage that helps small businesses understand their risks, simplifies the buying process and builds trust with owners. With Opta’s industry-leading risk information platform in both residential and commercial, Frank Insurance will be supported by a robust data set and deliver an industry-leading experience across discovery, purchasing, claims and servicing.
About Opta Information Intelligence
Opta Information Intelligence is Canada’s largest aggregator of property risk information and leading provider of property intelligence and innovative technology solutions for insurance and corporate industries. Opta helps you access, understand, and synthesize previously inaccessible information, turning it into intelligence that helps to discover and understand business risks. Visit www.optaintel.ca.
Deloitte provides audit & assurance, consulting, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights and service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 264,000 professionals—9,400 of whom are based in Canada—make an impact that matters, please connect with us on LinkedIn, Twitter or Facebook.
Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
SOURCE: DeloitteTags: Deloitte, Frank Insurance, iClarify, Opta Information Intelligence, partnership