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 legal situations and claim types:
Business Tort Damages
Damages to New Businesses
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.
Motor Vehicle Accidents
AGATHA displays an interactive dashboard of estimates.
Users can update parameters to create multiple win and recovery rate estimates for the same case.
Optimalex’s NOAH extracts, curates, and structures your data for our legal predictive analytics. This service sets the course for your future cases to streamline claims and litigation management.
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).
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.
Optimalex provides AI predictive analytics decision support tools to improve consistency, fairness, and efficiency in insurance claims management and dispute resolution.
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
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.
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 legal 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.
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.
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 legal predictive analytics solutions lead to efficient decisions within your team.
How We Help
Insurance Claims Management
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.
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.
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
You are an insurance company wanting to delve into predictive analytics software.
You are a law firm interested in our solution for your practice.
You are an individual lawyer interested in our solution.
You are a corporation interested in making informed decisions to remedy contract breach.