Missouri Employers Mutual has agreed to implement Valen Analytics’ predictive modeling platform, InsureRight, to improve risk selection and pricing for new and recurring business, the companies announced.
The workers’ comp insurer will utilize its new custom-built tool to increase straight through processing, shorten turn around time for agents and improve loss ratio, it said. Valen Analytics, now a subsidiary of Insurity, will also grant MEM access to its data consortium available only to its workers’ comp clients.
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