Optimalex
AI-powered predictive analytics for casualty claims damages and dispute resolution.
Overview
Optimalex is an insurtech company that applies AI-powered predictive analytics to North American casualty claims, with a focus on improving the consistency, fairness, and efficiency of damages claims and dispute resolution. Founded in 2020 by Frank Giaoui (PhD from Columbia Law School), the company helps claims adjusters and litigation teams identify potentially outlying cases early, enabling better settlement decisions and protecting carriers from unexpected verdicts.
The company's core mission is to increase fairness, reduce risk, and improve efficiency of damages claims and recoveries. Optimalex solutions are benchmarked with millions of data points from Federal and State courts. The software estimates claims outcomes based on jurisdictions, law firms, and experts involved, as well as the severity and circumstances of the loss.
Optimalex positions its platform as a co-pilot alongside human expertise, augmenting adjuster decisions rather than replacing them. Customers report outcomes including 25% shorter claim cycles, 95% insured satisfaction, and 10x ROI.
Products & Services
AGATHA
A SaaS predictive analytics platform that estimates case outcomes and quantifies likely damages amounts, including hard-to-quantify non-economic damages such as pain and suffering, loss of enjoyment of life, and future losses. AGATHA combines structured and unstructured data to provide early notification of loss assessments and fair, consistent outcome predictions.
Key Features
- Early identification of potentially outlying or high-risk cases for litigation management
- Market benchmarking and internal practice comparisons
- Estimation of settlement ranges based on historical court data
- Support for claim triage and risk mitigation decisions
- Explainable AI predictions anchored to millions of Federal and State court data points
Target Users: Claims adjusters, litigation managers, and claims executives at insurance carriers
NOAH
A data extraction and management platform that processes claims documents to surface relevant information for adjusters and analysts. NOAH automates the extraction of key facts from unstructured claims documents, reducing manual review time and improving data consistency across the claims workflow.
Key Features
- Automated extraction of key facts from unstructured claims files
- Structured output for downstream analytics and adjuster review
- Integration with AGATHA for end-to-end claims intelligence
Target Users: Claims teams and legal departments handling casualty claims
At a Glance
- Founded
- 2020
- Headquarters
- Dover, Delaware, USA
- Employees
- 11-50
- Funding
- Bootstrapped
Category & Focus
- Category
- Claims Technology
- Subcategories
- Predictive analytics litigation management claims triage damages estimation
- Insurance Verticals
- P&C Commercial Specialty/E&S Workers Compensation
- Target Customers
- Carriers, TPAs
Links
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Last updated: 2026-06-05