Pinnacol Assurance Expands Use of Predictive Analytics

Pinnacol Assurance, a Denver workers’ compensation insurance provider, and Valen Technologies Inc., a provider of predictive analytics solutions, report that Pinnacol will use Valen’s AuditRight predictive analytics solution to ensure premium to exposure accuracy. Valen will facilitate Pinnacol’s efficient use of premium audit resources by identifying policies with the greatest risk of premium deviation.

Valen and Pinnacol successfully implemented Valen’s UnderRight predictive analytics solution for underwriting in October of 2007. Pinnacol’s selection of AuditRight is an expansion of the insurer’s use of Valen predictive analytics solutions.

Mike Nelson, Pinnacol’s AVP and head of Pinnacol’s premium audit department, reports that “expanding our use of Valen solutions with AuditRight is a great next step for us, and will enable us to optimize our premium audit process.”

 

 

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