Opterrix
- Company typePrivate
- Founded2020
- HeadquartersMadison, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Opterrix firmographics
Firmographics- Name
- Opterrix
- Legal name
- Opterrix Group, Inc.
- Website
- https://opterrix.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Opterrix industry classification
Industry- Product category
- Insurance Risk Analytics Software (Insurtech)
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)
Keywords
Where Opterrix is headquartered
LocationHeadquarters
- HQ city
- Madison
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Opterrix business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Software Platform Subscription: Subscription-based access to the Opterrix risk intelligence platform including risk management, claims preparation, and customer engagement modules. Revenue is generated through annual or multi-year licensing agreements with insurance carriers.
- Weather & Hazard Data APIs: API-based access to proprietary weather data, risk scores, and hazard information. Revenue generated through subscription or usage-based pricing for data access.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels8 records
Opterrix product offering
Product offeringCore offering
Opterrix is a GenAI-powered risk intelligence platform for the property and casualty insurance industry. It provides re-insurers, MGAs, brokers, and carriers with location-level risk scoring across 12+ perils, real-time storm monitoring, predictive claims forecasting, proactive policyholder engagement, and weather/hazard data APIs to help insurers proactively identify, quantify, and mitigate avoidable losses from natural disasters.
Product overview
Opterrix is a GenAI-powered, unified proactive risk intelligence platform for the P&C insurance industry. The platform consists of a core Risk Intelligence Platform with four integrated modules: Risk Management & Underwriting (including the Underwriting & Book Assessment module with proprietary location-level Risk Scores and Peril History tools), Claims Preparation & Response (with machine learning-powered claims predictions and storm monitoring), Opterrix Engage (for proactive policyholder notifications), and Weather & Hazard APIs (for real-time weather data integration). The platform is designed by insurers for insurers, leveraging meteorology, data science, AI, and cloud computing to help re-insurers, MGAs, brokers, and carriers proactively identify, quantify, and mitigate avoidable losses throughout the insurance value chain.
Differentiator
Problem solved
Functional benefit
Products and services
- Opterrix Risk Intelligence Platform Core GenAI-powered proactive risk intelligence platform for the property and casualty insurance industry that enables re-insurers, MGAs, brokers, and carriers to identify, quantify, and mitigate avoidable losses through real-time accumulation analysis, intelligent storm monitoring, proprietary weather data, and automated workflows. Sold to enterprise insurance customers via annual or multi-year subscription agreements.
- Risk Management & Underwriting Underwriting and portfolio risk module for insurance carriers that manages property-level accumulation and aggregate limits and mitigates losses from natural disasters. Includes the Underwriting & Book Assessment module with proprietary location-level Risk Scores across 12+ perils, Peril History data, and customizable capacity thresholds.
- Claims Preparation & Response Claims preparation and response module that monitors and accurately predicts storm losses while reducing claims expenses through intelligent notifications, street-level analysis, and predictive claims modeling powered by machine learning. Used by insurance carriers for proactive resource allocation and triage during catastrophic events.
- Opterrix Engage Customer engagement module that delivers proactive, meaningful interactions to policyholders when and where it matters most, including automated push notifications and policyholder communications during and after weather events. Helps insurance carriers improve policyholder retention and reduce loss adjustment expenses.
- Weather & Hazard APIs API-based data product that empowers advanced analytics with weather and climate data, property-level attributes, risk scores, and address-specific historical storm assessments. Provides integration into core insurance systems for property-level attributes, risk scores, and hazard data via API.
Quantifiable outcome
- Enables proactive policyholder notifications before and during catastrophic events
- +4 more outcomes
Companies that use Opterrix
Customer profileNamed customers23 records
Segments4 records
Ideal customer profiles3 records
Opterrix technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature10 records
Opterrix partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core.
- ICEYEcoreStrategic collaboration combining Opterrix's risk intelligence platform with ICEYE's Synthetic Aperture Radar (SAR) satellite data for hurricane event response. ICEYE's ability to image through clouds and darkness provides observed wind and flood impact data within 24 hours of landfall. The partnership enables rapid, accurate damage assessment and proactive claims triage for insurers.
- OroraTech USAcoreGroundbreaking partnership integrating OroraTech's real-time wildfire hotspot data and AI Fire Spread simulations into the Opterrix geospatial platform. This first-of-its-kind integration provides insurers with street-level visibility into wildfire threats before and during events, enabling proactive policyholder engagement. The partnership launched with a one-year pilot agreement with USAA as the first U.S. insurance carrier to adopt this combined solution.
- American Integrity InsurancecoreAmerican Integrity Insurance Group partnered with Opterrix for exposure management. The Tampa-based property insurance carrier uses Opterrix for risk management and catastrophe exposure analysis.
- Duck Creek TechnologiescorePartnership to provide underwriting and claims insights to Duck Creek's insurance carrier customers. The integration enables Opterrix's risk intelligence and weather data to be accessed within Duck Creek's policy administration and claims management platform.
- Hippo InsurancecoreHippo Insurance licensed Opterrix's Claims software and weather data to optimize claims workflows. The partnership enables Hippo to leverage proactive risk intelligence for their property insurance operations.
- Coterie InsurancecorePartnership using Opterrix's weather modeling to enhance Coterie's small business insurance underwriting capabilities. The partnership powers automated underwriting decisions based on weather and property exposures while creating a customer-centric claims experience. Coterie used the platform to issue a moratorium ahead of Hurricane Ian.
- SapienscoreOpterrix joined Sapiens' Partner Network to provide insurers with insights and innovative tools to address climate and weather-related risks. The partnership allows Sapiens to offer Opterrix's risk intelligence capabilities to their customer base of insurance carriers.
- IAMIC (Illinois Association of Mutual Insurance Companies)coreIAMIC licensed Opterrix software and weather data to enhance claims management and underwriting for its member companies. The partnership provides farm mutual insurance companies with leading-edge technology for proactive storm insights and policyholder engagement.
- Plymouth RockcorePlymouth Rock began using Opterrix software and weather modeling to enhance home claims management capabilities. The partnership enables 24/7 weather monitoring and proactive policyholder communication capabilities for the Northeast regional insurer.
- SageSurecoreSageSure licensed Opterrix software and weather modeling to enhance claims management capabilities related to extreme weather. The partnership enables enhanced precision and speed of response to hurricanes, severe storms, wildfires and other catastrophe events.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Opterrix competitors and assessment
Company assessmentEmerging players
- Tomorrow.io: Tomorrow.io is a weather intelligence and climate adaptation platform offering hyperlocal forecasting, weather APIs, and risk analytics. It overlaps with Opterrix's Weather & Hazard APIs and predictive storm monitoring, though Tomorrow.io serves a broader set of industries beyond insurance.
- Jupiter Intelligence: Jupiter Intelligence provides climate risk analytics and physical risk scoring for infrastructure, real estate, and financial institutions including insurers. It is comparable to Opterrix's climate-forward catastrophe risk scoring and geospatial analytics capabilities.
- HazardHub: HazardHub (now part of Guidewire) supplies property-level hazard data — flood, wildfire, wind, earthquake — to insurers via APIs and reports. It is directly comparable to Opterrix's Weather & Hazard APIs and peril risk score offerings for underwriting and book assessment.
- KatRisk: KatRisk provides high-resolution flood, hurricane, and wildfire catastrophe modeling for insurers and reinsurers. It is directly comparable to Opterrix's location-level peril risk scoring and accumulation management, though it focuses on catastrophe modeling rather than end-to-end claims and policyholder engagement.
- ZestyAI: ZestyAI applies AI and computer vision to property risk analytics for insurers, including wildfire and hurricane peril scoring. Like Opterrix, it targets P&C carriers with AI-driven property-level risk intelligence, but with a narrower peril focus and a heavier ML-modeling emphasis.
Broad incumbents
- Verisk: Verisk is the dominant data analytics and risk-assessment provider to P&C insurers, offering catastrophe modeling, property data, and claims analytics through its ISO and Sequel units. It competes most directly with Opterrix's Risk Management & Underwriting module, though Verisk's footprint spans the entire insurance value chain.
- RMS (Risk Management Solutions): RMS, a Moody's company, is a leading catastrophe risk modeling firm serving insurers, reinsurers, and MGAs with probabilistic and real-time CAT analytics. It is highly comparable to Opterrix's peril risk scoring and accumulation management capabilities, but operates at significantly larger scale with deeper data assets.
- CoreLogic (Cotality): CoreLogic (rebranded as Cotality) provides property data, analytics, and risk management solutions to insurance, mortgage, and real-estate clients. Its parcel-level hazard and property attribute datasets overlap with Opterrix's Weather & Hazard APIs and Peril History tools.
- LexisNexis Risk Solutions: LexisNexis Risk Solutions provides data, analytics, and identity solutions to insurance carriers for underwriting, claims, and fraud detection. It overlaps with Opterrix in insurer risk-scoring and claims workflows, though as a broad data and analytics platform serving multiple verticals.
- Guidewire Software: Guidewire is the leading core insurance platform provider for P&C carriers, analogous to Duck Creek. Its HazardHub acquisition signals vertical integration into property hazard data — a potential competitive threat or partnership opportunity comparable to Opterrix's Duck Creek / Sapiens distribution strategy.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Opterrix social profiles
Digital presenceOpterrix financial estimates
Financial estimateRevenue estimate
Valuation estimate
Opterrix leadership team
Management profileNumber of profiles
Profiles2 records
Opterrix funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Opterrix M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Opterrix
What does Opterrix do?
Opterrix is a GenAI-powered risk intelligence platform for the property and casualty insurance industry. It provides re-insurers, MGAs, brokers, and carriers with location-level risk scoring across 12+ perils, real-time storm monitoring, predictive claims forecasting, proactive policyholder engagement, and weather/hazard data APIs to help insurers proactively identify, quantify, and mitigate avoidable losses from natural disasters.
Is Opterrix a public or private company?
Opterrix is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Opterrix founded?
Opterrix was founded in 2020. It employs 11 to 50 people.
Where is Opterrix based?
Opterrix is headquartered in Madison, United States, in the North America region.
How does Opterrix make money?
Two revenue lines are on record. Software Platform Subscription is the primary driver. The others are weather & Hazard Data APIs.
Who are Opterrix's main competitors?
Emerging players on record are Tomorrow.io, Jupiter Intelligence, HazardHub, KatRisk and ZestyAI. Broad incumbents are Verisk, RMS (Risk Management Solutions), CoreLogic (Cotality), LexisNexis Risk Solutions and Guidewire Software.
Does Opterrix have an API?
Yes. The Opterrix Underwriting & Book Assessment module offers a versatile API that allows integration of proprietary risk scores, key metrics, aggregation details, and essential reports directly into the user's existing core systems and workflows. Available as part of the Underwriting module. No public documentation URL, developer portal, or SDK language specified in the source material.
What industry is Opterrix in?
Opterrix's product category is Insurance Risk Analytics Software (Insurtech). Its primary akta.pro industry code is FSAGAGAE, Data, Analytics & AI for Insurance (Risk, Pricing, Personalization). Its NAICS code is 5242 and its SIC code is 6411.