P&C insurer United Fire Group has selected Valen Analytics predictive modeling tool to enhance its underwriting performance in commercial auto, the companies announced.
UFG chose Valen due to its "advanced abilities to accurately segment customers based on loss propensity," according to the insurer’s EVP and COO Mike Wilkins. The platform also integrates directly into the underwriter’s workflow, allowing for real-time decision support. Valen’s custom predictive models are hosted on its InsureRight Platform.
“UFG is committed to helping identify the best tools for our underwriters to price risk, and Valen has proven to be exceptional at working with underwriters to enhance their experience using modeling,” said Wilkins, in a statement.
The Cedar Rapids Iowa-based company Joins workers’ compensation insurer Acuity, New Mexico Mutual and FHM Insurance as Valen’s latest customers.
(This article appears courtesy of our sister publication, Insurance Networking News)
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access