Valen Technologies, a predictive analytics provider for P&C insurers, released a new product for homeowners insurance carriers, called PropertyRight.
PropertyRight is a set of highly predictive models that identify potentially problematic policies and present carriers with an insurance-to-value score, a condition and liability hazard score, and an optional inspection type recommendation. According to Valen, this policy-level information is calibrated to a carrier’s book of business and can then be used to prioritize which policies to inspect for both new and renewal business, and set optimal selection threshold rules for ordering inspections.
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