Valen Analytics, a provider of data, analytics and predictive modeling for insurers, has released a second component, Manage, within its InsureRight Platform for homeowners carriers. Manage is designed to enable insurers looking to leverage indicators of risk, understand portfolio performance overall, and within segments, inform strategic decisions and achieve underwriting profitability.
The other InsureRight Platform component, according to Valen, is Predict; Manage is a portfolio management tool, and Predict is a risk selection tool. The Manage component merges Valen’s proprietary Condition Hazard Score and Insurance-to-Value (ITV) Score, available through the Predict feature of the product, with consortium data to deliver portfolio insights.
Carriers of all sizes have access to a wide breadth of features to access and analyze their own data, says Valen, including portfolio management; profitability trends and maps; inspections trends and maps; risk trends’ and data validation.
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