Valen Technologies, an advanced data and analytics provider for property and casualty insurance leaders, and Willis Re, the reinsurance broking arm of global insurance broker Willis Holdings, today announced the latest in joint marketing efforts. Already partners on predictive analytics solutions for workers’ compensation insurers, the two companies will now attempt to provide homeowners carriers the latest predictive analytics solution, PropertyRight.
“Homeowners is a notoriously difficult line of business for carriers,” said Bret Shroyer, SVP for Willis Re. “We believe in the value that predictive analytics can bring to improve underwriting results and we are looking forward to partnering with Valen once again to offer homeowners carriers the best underwriting tools to manage risk.”
According to Valen, PropertyRight enables homeowners carriers to use predictive scores to quote policies online and in real-time, improving their ability to make more effective and valuable decisions about properties that justify underwriting resources for a detailed policy review.
“As a trusted advisor, Willis Re can support carriers looking to gain a competitive edge and improve their combined ratio,” said Dax Craig, president and CEO of Valen. “With our focus on instant access to reliable data and predictive models, we are honored to continue our partnership with Willis Re and are confident that our joint efforts will help homeowners carriers achieve better results, even in a fluctuating market.”
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