Denver, Colo. — Lincoln General Insurance Co., a York, Pa., provider of insurance for the transportation industry, purchased the UnderRight predictive analytics solution from Valen Technologies. Valen is a Denver-based provider of predictive analytics technologies that include building, deploying, monitoring and refreshing multivariate, non-linear predictive models.
Lincoln’s implementation will link to data provided with Valen’s Enterprise Data Warehouse, the companies report.
The Valen predictive analytics solution is being implemented to provide a greater level of insight and pricing precision for Lincoln’s underwriting process for its commercial trucking business. Lincoln General’s goal is to improve profitability, while leveraging the Valen predictive analytics ‘scores’ to manage business produced through the insurer’s MGA-based delivery system more effectively.
“In addition to the power of the Valen predictive analytics solution and the business insight it provides, we were also impressed with Valen’s total value proposition that included providing a turnkey predictive analytics solution, the ability to leverage Valen’s additional data and the transparency provided into Valen’s model building process,” says Lincoln General’s chief actuary, Gary Sudbeck.
Source: Valen Technologies
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access