Frequently Asked Questions

• What is Opterrix Risk Management & Underwriting Module?

  The Risk Management & Underwriting Module from Opterrix leverages advanced meteorology, data science, and AI to help (re)insurance carriers and MGAs proactively manage their portfolios. It provides real-time insights to optimize risk selection, analyze exposure, and prevent avoidable loss.

   

• How does Opterrix improve the underwriting process for insurance carriers?

  Opterrix improves the underwriting process by providing location-based risk scoring and historical event data for various weather perils. This allows underwriters to make faster, more informed decisions and avoid binding high-risk policies. 

• What types of risk scores does Opterrix cover?

  Opterrix provides a comprehensive suite of 13 location-level risk scores, enabling underwriters to triage risks prior to binding. These include Coastal Surge, Convective Wind, Earthquake, Excessive Rainfall, Flash Flood, Hail, Ice Storm, Riverine Flood, Tornado, Tropical Wind, Wildfire, Winter Storm, and a customizable Blended Risk Score. 

• What is the GIZA exposure management module?

  The GIZA exposure management module is a tool within the Opterrix platform that allows risk managers to proactively analyze and manage the spatial risk for their books of business. It helps identify peak accumulations and customizes aggregation limits in real-time.

   

• Can Opterrix help with real-time moratoriums?

  Opterrix’s moratorium tools enable carriers to generate customized cease-binding moratoriums in minutes. It provides real-time information to protect your enterprise from impending disasters and prevent the binding of new policies in an affected area.