Name

Octagram Analytics

Legal name

Octagram LLC

Website

https://octagramanalytics.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

P&C Insurance Analytics

NAICS

Insurance Carriers and Related Activities (524), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric) (EUABALAF)

akta.pro secondary industries

Risk Scoring, Hazard & Geospatial Analytics (FSAOAIAE), Underwriting Decision Support & Rules Engines (FSAOAIAD), Risk Modeling & Pricing Analytics (FSAOAIAA)

Keywords

• Predictive insurance pricing
• P&C risk analytics
• Fire risk modeling
• Geographic crash scoring
• Insurance pricing consulting

Headquarters

HQ city

Gurnee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Consulting & Advisory Services (PriceAdvantage): Octagram offers bespoke predictive pricing model consulting for insurers and MGAs through their PriceAdvantage service. The engagement follows a five-step process: understanding client experience, generating differentiated insights, building pricing models, collaborating on strategy, and monitoring for impact. This is the primary revenue-generating consulting engagement.
2. Proprietary Data/Risk Products: Octagram licenses or sells access to proprietary risk assessment products including FireRQ (fire risk prediction) and CrashRQ (crash risk scoring). These SaaS/data products provide carriers with predictive scores derived from Octagram's large proprietary datasets (1.5M fires, 10M+ crashes).
3. INFER Bias Governance Service: Through the ORCAA strategic alliance, Octagram offers the INFER service for model governance and bias testing. This is a professional service offering that helps insurers develop governance policies and practices to detect and prevent unfair bias, including gap analysis, explainable fairness analysis, audit reports, and continuous monitoring dashboards.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Octagram Analytics builds proprietary predictive risk and pricing models for P&C insurance carriers and MGAs, including FireRQ (predictive fire risk scoring using 1.5M fire events), CrashRQ (predictive crash risk scoring using 10M+ reported crashes), and PriceAdvantage (bespoke predictive pricing model consulting). The firm also offers the INFER bias-detection and governance service via an ORCAA alliance, and licenses access to its proprietary block-level U.S. geographic data asset (Map360) to underwrite and price commercial property, BOP, homeowners, and personal auto risks.

Product overview

Octagram Analytics offers a portfolio of predictive analytics products and consulting services for the P&C insurance industry. The core products include FireRQ (predictive fire risk scoring using 1.5M fire events), CrashRQ (geographic crash risk scoring using 10M+ crashes), and PriceAdvantage (bespoke predictive pricing model development). These are complemented by proprietary data assets (Map360, InsurTech360), an educational e-book (Little Book of Fires), and the INFER bias detection service offered through the ORCAA partnership. The offerings work together to help carriers identify high-risk locations, improve pricing accuracy, and achieve profitable growth.

Differentiator

Problem solved

Functional benefit

Brands

• FireRQ: Predictive fire risk model leveraging 1.5 million reported fires from 82% of fire departments across the U.S. to help carriers identify the highest risk 20% of buildings that have up to 76% of fire events.
• CrashRQ
• PriceAdvantage
• Map360
• InsurTech360
• INFER

Products and services

• FireRQ A predictive fire risk model for commercial property, BOP, and homeowners carriers. Built on 1.5 million reported fire events from the National Fire Incident Reporting System (10+ years, 82% of U.S. fire departments), FireRQ identifies the highest-risk 20% of buildings that account for 52–76% of fire events depending on occupancy, helping insurers sharpen pricing and risk selection.
• CrashRQ A predictive crash risk product for personal auto carriers. Leveraging more than 10 million reported crashes, CrashRQ provides granular 900 ft by 900 ft square grid insights across the U.S., enabling detailed geographic rating and supporting telematics-integrated crash risk prediction for personal auto underwriting and pricing.
• PriceAdvantage Bespoke predictive pricing consulting for P&C insurers and MGAs. Delivered through a five-step methodology (understand experience, generate insights, build pricing model, collaborate on strategy, monitor for impact), PriceAdvantage helps carriers and MGAs deploy and monitor predictive pricing models to optimize growth, reduce loss ratios, and identify low-risk opportunities and high-risk accounts to avoid or rate appropriately.
• PriceAdvantage Framework A tools-and-training offering that helps insurers and MGAs build their own predictive pricing models in-house. Part of the PriceAdvantage service suite, it enables in-house pricing teams to operationalize predictive modeling as part of the broader consulting engagement.
• INFER (INsurance Fairness Explainability Review) Insurance Fairness Explainability Review service for P&C insurers, offered through Octagram's strategic alliance with ORCAA. INFER helps insurers detect and prevent unintended unfair bias in pricing, rating, marketing, and claims handling, delivering governance gap analysis, bias testing via ORCAA's Pilot platform (with a double firewall protecting inferred race/gender data), audit reports, and continuous outcomes monitoring dashboards to address regulations such as Colorado SB 169.

Quantifiable outcome

• FireRQ identifies highest-risk 20% of buildings accounting for 52-76% of fire events (varies by occupancy)
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature5 records

Partnerships

One partnership is on record.

• ORCAA (O'Neil Risk Consulting and Algorithmic Auditing, Inc.)coreStrategic or Co-development Partner · 13 June 2023ORCAA and Octagram Analytics formed a strategic alliance on June 13, 2023, to address unfair bias in P&C insurance. They co-developed the INFER (INsurance Fairness Explainability Review) service combining ORCAA's algorithmic auditing expertise (led by Cathy O'Neil, author of 'Weapons of Math Destruction') with Octagram's P&C pricing and model-building experience. INFER helps insurers develop governance policies and practices to detect and prevent unfair bias, includes gap analysis, bias testing via ORCAA's Pilot analysis platform (with a double firewall protecting inferred race/gender data), audit reports, and continuous outcomes monitoring dashboards. This addresses emerging state regulations including Colorado SB 169.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Cape Analytics: AI-driven property intelligence platform delivering building-level risk attributes (roof condition, vegetation, hazard exposure) to P&C carriers. Closest emerging-tech analog to FireRQ's block-level U.S. property risk scoring use case.
• Betterview: Property intelligence and risk scoring platform using aerial imagery and AI for roof, vegetation and hazard inspection at the building level. Comparable to Octagram's Map360 and FireRQ for property-level underwriting.
• Cytora: AI-powered commercial lines underwriting platform that integrates data sources for risk selection and pricing — direct competitor to Octagram's PriceAdvantage bespoke predictive pricing offering in commercial P&C.
• ZestyAI: AI-based property and climate risk analytics for P&C insurers (wildfire, hail, wind, flood). Targets the same 'geographic risk differentiation for underwriting' niche as Octagram's FireRQ but with an imagery-and-AI rather than NFIRS approach.

Broad incumbents

• Milliman: Global actuarial and consulting firm with a deep P&C practice (Jessica Leong's former employer). Overlaps with Octagram's PriceAdvantage bespoke pricing model consulting, though at much larger scale and broader line of work.
• Verisk Analytics: Dominant provider of proprietary data, analytics and risk-scoring services to P&C insurers (ISO claims data, property, auto, fraud). Overlaps with Octagram on fire and auto risk scoring, and is the entrenched incumbent Octagram must displace in carrier underwriting stacks.
• LexisNexis Risk Solutions: Provides insurance-specific data and analytics — including geocoding, address risk, telematics and crash data — to U.S. P&C carriers for underwriting and pricing. Comparable to Octagram's CrashRQ and Map360 data-asset approach at vastly larger scale.
• CoreLogic (Property & Casualty Analytics): Property data and analytics vendor serving P&C insurers with parcel-level hazard, fire and catastrophe risk scores (formerly HazardHub). Competes head-on with FireRQ on block-level fire and property risk scoring.

Others

• Tremendous (data & analytics for insurance): Not a direct competitor — placeholder for the broader InsurTech analytics universe (e.g., Planck, Gradient AI) building verticalized AI risk and underwriting data products; relevant comparable for Octagram's predictive analytics go-to-market motion. Omitted where confidence is low.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@OctagramAnalytics
• LinkedInlinkedin.com/company/octagramanalytics

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Octagram Analytics