Carrier Integrates Valen’s InsureRight Platform into Work Comp – Acuity’s Largest Line of Business
“Acuity prides itself on equipping our underwriters with the best tools on the market that provide the most actionable insights,” said
Workers' compensation is Acuity's largest line of business, representing 31% of commercial lines total premium and nearly a quarter of total company premium, making it crucial to the company's overall success. The implementation will enable underwriters to make faster and more informed decisions, improving the overall bottom line.
“In the process of selecting which partners to work with, we ensure that their values match our own,” said
Acuity’s implementation of Valen’s custom-built predictive model on the InsureRight Platform will integrate directly into the underwriter’s workflow, allowing for real-time decision support for quicker and more accurate risk assessment of individual policies.
“Acuity understands the fundamental importance of using analytics as a means to enhance an underwriter's ability and not replace it,” said Dax Craig, CEO of Valen Analytics. “We are excited to work together to help Acuity utilize our analytics platform and gain a competitive edge in their workers’ compensation business.”
More information on the InsureRight Platform can be found online at www.valen.com.
About Valen Analytics
Valen Analytics is a provider of proprietary data, analytics and predictive modeling for property and casualty insurers. We work with insurers who are actively looking to utilize modern approaches to pricing, risk selection, claims triage, and premium fraud. Our customers are focused on increasing competitive pressures, fighting adverse selection with innovative solutions, and raising awareness for the impending “experience gap” with initiatives such as
Fusion PR on behalf of Valen Analytics
Source: Valen Analytics