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Valen Predictive Analytics

Forecast the future and react in real-time

In today’s competitive P&C landscape, your predictive power is an asset and a differentiator. Stop relying on hindsight to guide the future of your business and put the industry’s most respected predictive analytics and modeling platform to work for you. With a deeper understanding of your portfolio and underwriting decisions, you can proactively manage your business and grow your bottom line.

  • Predict. Arm your underwriters with predictive scores and important contextual information at the point of decision.
  • Manage. Know underwriting performance in advance, gain real-time insights to proactively manage your portfolio, and monitor models in production.
  • Automate.  Leverage our deep understanding of data to design your straight-through processing workflows.  

Predict

Predictive Models + Proprietary Data

Whether you’re focused on pricing, risk selection, growth in underwriting, or claims, we’ll customize a dataset and model to achieve your objectives—and with an average build and deployment time of only 2 to 3 months.

 

  • Get real-time, data-driven insights when quoting or renewing business with custom predictive models that leverage the Valen Data Consortium
  • Avoid adverse risk selection with predictive models for pricing, premium fraud, and payroll misclassification
  • Predict the severity of claims with better insight into their complexity and trajectory

Manage

Predictive Insights + Underwriting Decisions

Our proprietary underlying data model combines transactional predictive scores with underwriting decisions and the resulting losses, providing powerful, real-time indicators of performance.

 

  • Measure business, portfolio, and model performance to provide forward-looking metrics that tell you where your business is now and where it’s headed
  • View detailed reports segmented by time, location, hazard group, underwriter, agent, new vs. renewal, and more
  • Integrate our InsureRight® Manage application into your existing BI tool or leverage our robust visualizations to deliver an unparalleled level of interactivity and granularity

Automate

Straight-through Processing + Reduced Acquisition Costs

Improve underwriting efficiency and accelerate growth with straight-through processing workflows that are custom designed to help you achieve your business automation goals.

 

  • Get a dynamic solution with strategy, design, implementation, and measurement delivered through a proven framework
  • Modernize underwriting processes and put data to work as a decision engine
  • Gain an experienced partner who will monitor the performance of your new workflows in real-time, checking results against business goals and adjusting as necessary

Know Your Portfolio and Your Market

It’s not enough to simply identify that a trend is taking place. You need market-leading metrics that provide precise answers:

 

  • Am I winning profitable market share?
  • Is pricing inadequate?
  • Does the risk fit my underwriting appetite?
  • Where are there untapped growth opportunities?
  • What outliers could cause serious performance problems?

Predictive Analytics Capabilities

Powered by a proprietary data model, our InsureRight Manage solution combines transactional predictive scores with underwriting decisions and loss data to provide powerful leading indicators of performance.

  • Identify Vulnerabilities and Opportunities. Know if you’re underperforming or have the opportunity to seize a profitable segment of the market
  • Reliable Forecasting. Forward-looking statistics made possible through our predictive analytics offer an entirely new set of top-down, portfolio-level management tools
  • Policy Level Insight. Just-in-time data about individual policies allows end users to make informed decisions on risk selection, pricing, and claims management
  • End User Aggregated Insights. Enable front-line users such as underwriters to see the results of their decisions in a single view (e.g. P&L in real-time)