Brookfield, Wis. — Fiserv Inc., a Brookfield, Wis.-based provider of technology solutions, and Denver-based Valen Technologies Inc., which concentrates on predictive analytics for the P&C insurance industry, announced a strategic alliance to offer real-time predictive underwriting capabilities to Fiserv insurance carrier clients to enable more effective risk selection and pricing.
“By partnering with Valen, Fiserv brings clients the opportunity to improve underwriting discipline, consistency and results, helping insurance carriers better match premium and risk,” says Gary Sherne, president of the Fiserv P&C Solutions division. “Rather than relying solely on subjective and intuitive underwriter judgment, Valen’s underwriting solutions use proven, predictive analytics science to objectively pinpoint the expectation of loss at an individual policy level. In doing so, our customers will be able to select and price risk more effectively.”
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