Risk managers and underwriters face a growing challenge: navigating a landscape increasingly shaped by extreme weather events and a changing climate, while preventing the accumulation of dangerous risks in compact geographies. They bear the immense responsibility of protecting policyholders, maintaining profitability, and ensuring long-term financial stability, all while adjusting the portfolio in response to changing market conditions. To meet these demands, they require advanced tools that proactively deliver accurate, timely, and location-specific risk insights.
Over the past decade, real-world events have highlighted a growing risk: the increasing impact of climate-related phenomena on our communities and infrastructure, demanding a significant re-evaluation of our preparedness and resilience. The ongoing threat of hurricanes, especially during active seasons like 2020 and 2024, has shown the destructive potential of coastal surge, tropical rainfall, and winds. Beyond the well-known hurricane risk, other threats are beginning to share the main stage:
Flooding (both flash and riverine) has become a persistent and costly peril, impacting communities far beyond traditional flood zones. Events like the extensive flooding across Kentucky in 2022 and the catastrophic floods in Texas in 2025 highlight the unpredictable nature of heavy rainfall.
Wildfires continue to rage with increasing intensity and destructiveness, particularly in the Western United States, as seen in the devastating Los Angeles Palisades and Eaton wildfires in January. Verisk estimated the combined insured losses for the Palisades and Eaton fires to fall between $28 billion and $35 billion. The eastern US states have experienced a notable increase in the number of wildfires over the last decade, with some studies indicating a doubling of large wildfire numbers in the Southern Coastal Plains and an overall rise in fire weather days in the Northeast.
Severe Convective Storms (SCS), including wind, hail, and tornadoes, result in billions of dollars in damages each year, with outbreaks growing more frequent and severe, affecting large parts of the country annually. Munich Re estimates that SCS events in the US caused $41 billion in insured losses in 2024, ranking as the second most costly year for these storms, just below the record $51 billion in insured losses in 2023.
Winter Storms, such as the devastating Texas freeze in 2021, pose significant, localized threats that can lead to massive aggregated losses.
Earthquakes result in an average annual loss of $6.1 billion in property damages in the US. A USGS study revealed that 42 states have a significant chance of experiencing a damaging earthquake, with 16 of these states facing moderate to high risk.
These events underscore a critical problem for carriers: the lack of real-time, granular data and accurate risk assessment. Traditional methods are often reactive and slow, struggling to provide the precision needed to understand aggregated risk at the individual property level. This leaves risk managers and underwriters grappling with the uncertainty of unexpected catastrophic losses that could jeopardize financial solvency.
Designed by insurers for insurers, Opterrix offers cutting-edge risk intelligence to empower property insurance carriers’ portfolio risk management strategies. We empower your portfolio risk management strategies by leveraging the latest advancements in meteorology, data science, AI, and cloud computing. This provides you with the clarity and control you need to make informed, proactive decisions.
The Opterrix Underwriting & Book Assessment Module, combined with our proprietary location-level Risk Scores and Peril History data, serves as your expert guide. Together, these tools will transform how you manage exposure and underwrite risk. Opterrix provides a comprehensive approach designed to give risk managers and underwriters these key benefits:
Gain Real-Time Visibility and Intelligent Aggregation Management: Opterrix Underwriting & Book Assessment Module helps you monitor and visualize risk aggregations, allowing you to identify concentrations and reshape costly accumulations to meet risk and profitability goals. You can configure customized aggregation limits for each line of business, peril type, and geography, monitoring real-time policy accumulations to prevent the over-concentration of risk. This comprehensive view enables you to proactively manage exposures to various perils, such as coastal surge, convective wind, and riverine flood, especially during the 2025 hurricane season. Opterrix also provides real-time access to capacity thresholds based on your customized aggregation limits, enabling easy identification of aggregation hotspots.
Enhance Underwriting with Opterrix Risk Scores: The Opterrix Underwriting & Book Assessment module provides a suite of proprietary peril risk scores (coastal surge, convective wind, earthquake, excessive rainfall, flash flood, hail, ice storm, riverine flood, tornado, tropical wind, wildfire, and winter storm, along with the ability to create a customized blended risk score), allowing for both location-level and aggregate-level risk analysis. Underwriters can improve loss ratios by applying these risk scores pre-bind to identify desirable risks and filtering out submissions that fall outside their risk tolerance. Additional insights include peril-specific metrics, frequency and severity distributions, and supporting maps, which provide a deeper understanding of the potential impact.
Leverage Peril History for Informed Decisions: Our Peril History Tool provides instant access to a location's natural hazard history, allowing underwriters to identify potential prior losses to prevent a future claim. This crucial insight also enhances your First Notice of Loss (FNOL) process, enabling you to verify the date and cause of loss, as well as detect and prevent fraudulent activity.
Export data and reports for external analysis: The Opterrix Underwriting & Book Assessment module provides a comprehensive suite of risk assessment reports, including detailed underwriting and peril history reports. Need to dive deeper? You can export a spreadsheet of selected locations, complete with crucial risk and capacity details, for further external analysis and review.
Integrate insights directly into your core systems: Why keep powerful insights siloed? The Opterrix Underwriting & Book Assessment module offers a versatile API, allowing you to integrate the same valuable insights you see in Opterrix directly into your core systems. Integrate our proprietary risk scores, key metrics, aggregation details, and essential reports directly into your existing workflows, enhancing the power of your current systems.
Customize your view of risk: Flexibility is built into the Opterrix Underwriting & Book Assessment module, so you can perfectly match it to your company's specific needs and risk perspective. The Opterrix Underwriting & Book Assessment Configuration tool allows you to:
Establish precise capacity rules based on geography, line of business, or relative to underlying hazard risk.
Create blended risk scores using rules or weightings that reflect your specific risk appetite and business needs.
Develop reporting metrics specifically tailored to your data.
Adapt the Underwriting module interface to reflect your company's terminology accurately.
Highlight specific data that is most important to your daily work.
By adopting the Opterrix Underwriting & Book Assessment Module, Risk Scores, and Peril History tool, property & casualty insurance carriers can realize the following benefits:
Improved Loss Ratios and Profitability: Proactively identify and mitigate high-risk policies, reshaping costly accumulations in real-time to achieve better financial outcomes.
Enhanced Resilience: Address emerging risks swiftly, enabling adaptation to a changing climate and preparedness for severe weather events..
Streamlined Underwriting and Portfolio Management: Faster quoting, reduced manual effort, and higher throughput means increased efficiency.
Portfolio Growth: Invest boldly in new markets or risk segments while maintaining a clear understanding of your exposure, giving you a competitive edge.
Reshape Costly Accumulations: Dynamically adjust your portfolio by identifying areas of high risk concentration and enabling targeted actions to optimize your exposure and reduce potential losses.
Peace of Mind: Trust in your exposure management approach and your preparedness for upcoming weather events.
The experience of our valued partners best demonstrates these powerful benefits. Here's what Ryan Hodges, SVP of Risk Management at American Integrity Insurance, has to say:
“American Integrity has leveraged the Opterrix platform for several years for exposure management and visualization. The system has allowed us to expand our visualization capabilities for both portfolio rollups and live event scenarios. Additionally, we have been able to combine data from disparate data sources to create enhanced metrics and KPI's. The insights we've been able to extract from our data through Opterrix have enabled us to make better decisions and remain competitive and profitable. We greatly value our partnership with Opterrix and appreciate their desire to push the boundaries of what is possible in their evolving platform.”
It's time to stop reacting to the risk and start proactively mitigating it with modern portfolio management solutions and workflows.
Shift from reactive firefighting to a proactive approach. Portfolio management tools from Opterrix enable you to handle complex multi-peril weather events confidently, improve underwriting decisions, and reshape your portfolio to align with your risk and profitability objectives. This results in greater financial stability, increased resilience, operational efficiency, and peace of mind.
Don't let the 2025 hurricane season, or any other severe weather event, catch you unprepared. It's time to take control of your risk.
Ready to modernize your portfolio management strategies?
Schedule a Demo Today to See Opterrix in Action.