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Optimalex

USA, New York
Market: Insurance
Stage of the project: Operating business

Date of last change: 24.10.2022
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Idea

Optimalex’s suite of legal predictive solutions analyzes settlements and legal decisions on damages compensation through up-to-date machine learning and natural language processing techniques.

Current Status

Just three months ago, we publicly announced our first partnership (all other clients are under strict NDAs) with Great American Insurance Group.

Problem or Opportunity

We are solving (for P&C Insurance Carriers):
1) structural uncertainty in claim evaluations and potential ligiation
2) inconsitency and unfairness in damage compensation
3) excessive loss ratio impacted by "nuclear verdicts"

Solution (product or service)

Optimalex’s flashier software, AGATHA, is a SaaS platform that uses AI predictive intelligence to estimate the outcome of a case, quantify
damages compensation, and predict length of proceedings to
support claim manager's evaluation of reserves and settlements.

Business model

Software as a service (or SaaS)
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