New Risk Score Proves Big News In Insurance Industry
Think loss-free policies are risk free? THINK AGAIN. Valen’s new Risk Score, a tool that separates good risks from bad, is bolstered by over 1,000 new variables, allowing underwriters to… More »
How To Grow Profitably and Avoid Adverse Selection
Click Here to Find Out How To Protect Your Book From The Competition! Case Study: I WANT TO GROW PROFITABLY A super-regional work comp carrier wanted to grow profitably as… More »
Can You Identify a 30% Loss Ratio Difference Between Loss-Free Workers’ Compensation Policies?
Today we made a pretty big announcement – we launched our new Risk Score. It’s an involved process that requires months of trial and error and rigorous testing. The Risk… More »
CAUTION: Predictive Analytics Is Helping Your Competitors
Click Here to Find Out How Your Competitors Beat Adverse Selection! A regional mutual carrier wanted to know how vulnerable their book was to a carrier coming in and using… More »
Farm Bureau Financial Services Analytics Implementation
Click Here to Find Out How To Protect Your Book From The Competition! KIRSTIN MARR: Welcome to the “Today’s Underwriting Battleground: Where Belief and Data Collide” web seminar hosted by… More »
Two ways insurers get it wrong on pricing insurance policies
If you don’t have complete confidence with how you are pricing insurance policies today, it will likely cost you more than the premium you are missing out on. A lot… More »
Valen recognized by Vice President Joe Biden for STEM education
Photo Caption: Valen Analytics recognized by Vice President Joe Biden and CTEq Board Members: Intel – Retired Chairman & CEO Craig Barrett Accenture – CEO (U.S.) Jorge Benitez It’s not… More »
1 Thing Carriers Forget in Preventing Fraud That Can Save Millions
Two Work Comp Carriers Save Millions and Prevent Premium Fraud Premium fraud and payroll misclassification have been a big news topic lately. We talk with carriers all the time… More »
$500M Work Comp fraud in New York is Tip of the Iceberg
We’ve all taken notice since the New York grand jury released their report showing that New York City’s construction industry cost the city and state approximately $500 million in 2011…. More »
#1 Secret to Success with Advanced Analytics
It’s all about the people. And insurance carriers who are finding ways to attract next gen talent are setting themselves up to win. Millennials will make up half the workforce… More »
Guest Post: Is Today’s Small Commercial Automation Enough?
by Curt Stevenson, CEO Agencyport Software The conversation around the evolution of automation in Property and Casualty insurance is alive and well—and nowhere more so than in small commercial lines…. More »
550 Commercial Underwriters Can’t be Wrong
Accenture recently surveyed over 550 commercial lines underwriters, and a couple key stats jumped out: 72 percent said that maintaining underwriting and pricing discipline was a top challenge. 50 percent… More »
The coolest thing we’ve announced
We love the business we’re in. Helping carriers insure businesses and consumers so that they can build and protect their future is rewarding. Today, we get to give back and… More »
Valen’s new product helps homeowners carriers chart a course for profitability
Today we announced the availability of Manage within the InsureRight Platform for homeowners carriers. Manage allows insurers to leverage leading indicators of risk to understand portfolio performance overall and within segments… More »
Our first conference features innovators and winter fun in Vail!
We’re celebrating our 10 year anniversary with the inaugural Valen Analytics Summit in Vail, Colorado. The goal of the summit is to create a peer forum of insurance executives, managers,… More »
Real Momentum Building for Data Analytics in Property & Casualty
This week PropertyCasualty360.com covered our 2014 Outlook: Commercial Lines report and summed it up well, stating that commercial insurers are at an analytics crossroads. The article goes on to say… More »
Valen’s 2014 Outlook for Commercial Lines
The property and casualty industry is in a period of flux, facing significant challenges to traditional business models and the reliance on investment income. When new business models emerge, it’s… More »
Who is the Underwriter of the Future?
Let’s face it. Commercial lines underwriting is undergoing a transformation. And, underwriters need better tools to make more informed decisions that drive profitable growth and reduce losses. I recently came… More »
What makes underwriter adoption of predictive analytics challenging?
We know it’s not easy when you first start using predictive analytics in underwriting. That’s why Valen joined USAA, Berkshire and analyst firm, SMA, on an expert panel discussion about… More »
Change Doesn’t Have to be Painful
For the past couple of weeks, we’ve addressed how a lack of visibility and current pricing techniques are hurting underwriting profitability. And when executives talk with us about how to… More »
