July 15, 2008 - Hawaii Employers Mutual Insurance Company (HEMIC) selected Valen Technologies UnderRight predictive analytics solution.
Valens UnderRight solution is being implemented to provide additional rigor, insight and precision for HEMICs workers compensation underwriting process.
Given the challenges of todays soft market combined with an increasingly competitive environment, HEMIC looked to Valen for predictive analytics technologies to complement and maximize the expertise of their underwriting staff.
The combination of Valens data, experience and product made for a very compelling value proposition. We were impressed with Valens predictive analytics solutions, but their knowledge of the workers compensation underwriting process and their experience developing predictive models were also very attractive to us, said Bob Dove, HEMICs CEO. We believe that predictive modeling will provide us a competitive edge in this tough market. Being able to segment and closely analyze our business will enable us to credit aggressively and accurately on an account-by-account basis.
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