Our partnership with ALM is live! Learn more here.
Trusted
"I cannot speak highly enough of Optimalex's commitment to innovation and practicality. They have consistently demonstrated a keen ability to create intuitive, user-friendly solutions that align with our client's needs."
— Richard Caruso, Vice President & General Manager, ALM
"We were looking for a tool to help us with our claims assessment. We found it: Optimalex's Agatha is an injury worksheet on steroids."
— Nigel Shepherd, J.D., CPCU, ARe, Chief Claims Officer
Predictive Analytics Software
Our award-winning, end-to-end claims solution offers property and casualty insurance companies and attorneys the means to reduce uncertainty over the claims lifecycle and optimize outcomes in a variety of claim types:
Business Damages
Commercial Contracts
Corporate Contracts
Business Tort Damages
Damages to New Businesses
Patent Infringements
Personal Damages
Motor Vehicle Accidents
General Liability
Medical Malpractice
Workers Compensation
Wrongful Termination
AGATHA displays an interactive dashboard of estimates.
Users can update parameters to create multiple win and recovery rate estimates for the same case.
AGATHA
Optimalex’s AGATHA is a SaaS platform that uses AI predictive intelligence to estimate the outcome of a claim, quantify damages compensation and length of proceedings for all parties involved.
NOAH
Optimalex’s NOAH extracts, curates, and structures your data for our claims predictive analytics. This service sets the course for your future cases to streamline claims and litigation management.
About Us
Our Story
Optimalex was founded in 2020 after nearly a decade of intensive legal analytics, data science research, and software engineering between New York (Columbia) and Paris (La Sorbonne).
Our Vision
Optimalex is an insurtech whose ambition is to increase fairness, reduce risk, and improve efficiency on damages claims and recoveries, hence benefiting all parties involved in disputes.
Our Mission
Optimalex provides AI predictive analytics decision support tools to improve consistency, fairness, and efficiency in insurance claims management and dispute resolution.
Easy Pilot
Optimalex can be fully piloted quickly — no huge IT lift required.
You Provide Claims Data
Provide your historical data and let Optimalex do the heavy lifting.
We Train Your Models And Estimate ROI
We estimate your ROI while our data scientists structure your historical claims data and train your models.
We Integrate With Your Workflow
We train your claim adjusters while giving them full access to our platform which can be integrated into your existing workflow.
How It Works
The Path From Data to Prediction
Claims Analytics
Our team of lawyers continuously analyzes new claims data, both settled and litigated, to keep our models up-to-date.
Natural Language Processing and Machine Learning techniques enhance our capabilities, but we do not rely on them alone. Our lawyers verify and correct results to ensure our predictions are interpretable and reliable: we are lawyers trained in data science, not the other way around. Our legal team also continually explores new areas of the law where our expertise could be helpful.
Information Extraction
Our engineers and data scientists have developed tools to identify, extract, and curate all the relevant information per claim, whether structured or not, and from private and public sources for optimal insurance claims and risk management.
With our groundbreaking AI algorithms and user interface, we offer our clients the collective intelligence of all our analytics without putting their data at risk. Only you can access the data you decide to share with Optimalex.
Machine Learning
Once the data is extracted and secured, our data scientists and legal analysts turn to predictions. We use state-of-the-art machine learning techniques, including Neural Networks, Random Forests, and Gradient Boosters. Our internal lawyers collaborate with our engineers throughout the entire process to ensure that models are interpretable and sound.
Results
Once the process is completed, you will have instant access to predictions with unprecedented levels of detail.
Take advantage of advanced analytics to quickly settle claims and improve consistency and fairness.
From INOL to closing, estimate the value of claims, the likelihood of escalation, the propensity to litigate, and so much more.
Our claims predictive analytics solutions lead to efficient decisions within your team.
How We Help
Insurance Claims Management
Claims Triage
As an insurtech, Optimalex helps claims adjusters identify early-on potentially outlying cases to protect insurance companies from devastating verdicts.
Our solutions also help you optimize retention of legal representation and experts.
Claims Management
Our software allows you to benefit from integration with claims management solutions to access predictions and leverage the value of time. Using AGATHA, claims can be settled quickly and at a fair value.
Gain instant insights into several key indicators such as claim value, escalation, likelihood, and length of litigation.
Claims Settlement and Mediation
Optimalex helps you manage the risks associated with each claim by recommending prompt settlement at a fair value and predicting the outcome of mediation or undesirable litigation.
Our software allows you to compare each claim with similar cases and estimate its likelihood of success based on legal and economic factors. This allows you to assess whether it is more profitable to settle or mediate your dispute.
Claims Litigation
Optimalex solutions is benchmarked with millions of datapoints from Federal and State courts. Our software estimates claims outcomes based on jurisdictions, law firms, and experts involved, as well as the severity and circumstances of the loss.
Using our extensive database and federative learning principles, we allow you to identify the most promising causes of action, arguments, and legal principles. As a result, you can find the most appropriate methods of damage assessment for your situation.
Solutions That Suit You
P&C Insurance
Carriers
You are an insurance company wanting to delve into predictive analytics software.
Law Firms
You are a law firm interested in our solution for your practice.
Lawyers
You are an individual lawyer interested in our solution.
Self-Insured Corporations
You are a corporation interested in making informed decisions to remedy contract breach.
Who We Are
Team
Frank Giaoui
Founder and President
Luv Aggarwal
Co-founder & Head of Engineering
Senior Advisory Board
Jonathan Askin
Director, Brooklyn Law Incubator & Policy Clinic,
Visiting Professor at the MIT Media Lab
Nate Beatty
Founder of Ascent Technology Consulting
News and Publications
September 2022
Optimalex Joins With Great American Insurance Group To Pilot A Legal Predictive Analytics Claims Solution
Contact Us
We look forward
to doing
business with you.