Valen Technologies Inc., a cloud-computing predictive analytics solutions provider for P&C insurance, has launched InsureRight, an interactive, predictive analytics risk report. Valen says InsureRight provides policy-level risk assessment to underwriters, helping them to make better-informed risk and pricing decisions in a competitive market.
InsureRight is specifically designed for those workers’ compensation insurers that recognize the value of predictive analytics, but have been unable to take advantage of the technology’s powerful capabilities due to data, budget, resource or expertise constraints, says Valen. As a cloud based, Web-enabled predictive analytics solution, InsureRight requires no immediate carrier data, is priced with a transaction-based pricing model and requires no carrier IT resources, Valen says, enabling carriers to gain immediate benefits from predictive analytics.
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