Denver — Valen Technologies, a vendor specializing in predictive modeling Software-as-a-Service for the P&C insurance industry, announced today that Gaétan Veilleux has joined the company as senior director of predictive analytics. Veilleux’s appointment continues Valen’s senior management team expansion, which includes the recent additions of David West and Greg Penn. In his new position, Veilleux will report to Dan Bankson and he will lead the company’s predictive modeling efforts.

With 17 years of property/casualty industry experience, Veilleux spent 12 years in actuarial roles and is a recognized expert in predictive modeling, specifically in the development and deployment of predictive models for the insurance industry. Prior to joining Valen, Veilleux served most recently as a senior consultant with Watson Wyatt. While with Watson Wyatt, he was heavily involved in predictive modeling initiatives related to insurance rating, underwriting and portfolio management. Earlier in his career, Veilleux spent six years with Safeco Insurance, as well as five years with other insurers.

“Gaétan offers the rare and perfect combination of insurance actuarial and predictive modeling experience; an ideal skill set for Valen Technologies and our growing insurer client family,” says Valen’s SVP Predictive Analytics, Dan Bankson. “As the insurance industry has come to better understand the power and potential of predictive analytics and modeling technologies, we’ve seen the adoption rate rapidly gain momentum. Recruiting the best and brightest in insurance predictive modeling talent like Gaétan’s is part of our strategy to respond to the growing industry demand for Valen solutions.”

Veilleux also is the president of the Casualty Actuaries of the Northwest, a fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.

Source: BusinessWire

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