LUBA Workers’ Comp, a provider of workers’ compensation insurance in Louisiana, will use the Manage and Predict applications of Valen’s InsureRight Platform with the goal of better understanding its risk.
“We wanted a way for our underwriters to gain a broader perspective on risk assessment and improve consistency in decision-making for risk selection and pricing,” said Mike DePaul, COO of LUBA Workers’ Comp. “Valen’s platform grants us this ability, and provides a way to manage our underwriting performance in real-time that will help us stay competitive and maintain our position in the industry.”
The InsureRight Platform is powered by a contributory Valen database, which represents the largest and most robust data consortium specifically built for predictive analytics. Predict helps insurers score individual risks with greater precision, as well as the ability to analyze historically loss-free policies. Manage provides insurers with visual analytics for real-time model monitoring and performance.
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