Valen Technologies, a data and predictive analytics provider for P&C companies, has partnered with FFVA Mutual Insurance Co. FFVA has integrated Valen’s latest predictive analytics product suite, InsureRight 2.0, into its underwriting practices for workers’ compensation services, helping to make loss-ratio improvements and set risk-based pricing.
FFVA is using the Premium Impact Model, Risk Model, Misclassification Model, portfolio management and production monitoring reporting, as well as class fit analysis, says Valen. InsureRight allows organizations to leverage data and analytics to more accurately manage risk in workers’ comp.
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