Valen Technologies, a data and analytics provider for P&C insurance companies, has launched InsureRight 2.0, the latest in its suite of predictive analytics solutions.
Building on InsureRight 1.0, a product that made predictive analytics accessible for small and mid-size carriers, InsureRight 2.0 introduces first-to-market capabilities, including a premium impact model, portfolio management and production monitoring reporting, says Valen. Also included are improved class fit analysis and multi-state scoring capabilities. InsureRight is designed to help workers’ compensation underwriters make dramatic loss-ratio improvements and more accurately set risk-based pricing with a quick turnaround time.
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