New Mexico Mutual To Implement Predictive Underwriting Tool

New Mexico Mutual has selected Valen Analytics’ data, analytics and predictive modeling suite to improve underwriting performance, the company recently announced.

The insurer will use Valen’s “Predict” application, part of its InsureRight platform, to give underwriters increased visibility into risks and set consistent prices on different businesses New Mexico Mutual takes on. New Mexico Mutual is the state’s largest provider or workers’ compensation coverage.

“We are continually looking for ways to improve our underwriting performance and believe the InsureRight Platform will assist our decision-making when it comes to pricing and risk decisions,” said Lou Volk, vice president and chief business offer for New Mexico Mutual, in a statement.