IAT Insurance Group, Selects Valen Technologies’ Predictive Analytics Solution

Valen Technologies, Inc., a leading provider of predictive analytics solutions to the insurance industry, announced the IAT Insurance Group (IAT), a multi-line insurance group consisting of eight companies and gross premiums written in excess of $600 million, has selected Valen's UnderRight ® predictive analytics underwriting solution to improve pricing strategies, risk selection and ultimate profitability on their commercial auto line of business.

IAT selected Valen's UnderRight solution in large part due to the solution's best of breed predictive modeling, availability of expansive external data through Valen's Xdata® data warehouse, a wealth of historical underwriting and claims data through the ValenNetworksTM consortium data warehouse, and Valen's pre-built model delivery solution. IAT considers Valen's solution as a clear differentiator.

IAT is a major insurer of commercial auto business through various insurance entities. Valen's UnderRight solution will play a key role in maximizing the profitability of the company's existing business, and will provide IAT with powerful predictive analytics and a sophisticated model to make the most informed decisions as it expands this important core line of business.

An IAT Executive commented, "We did an extensive market search to thoroughly evaluate all of the available predictive analytics offerings. We selected Valen's UnderRight solution due to its extensive data and its attractive lower total cost of ownership."

IAT further noted, "Since UnderRight includes model deployment software we are able to dramatically reduce the burden on IAT's already taxed IT department and ensure the full value of the models will be recognized in as short a timeframe as possible. In our competitive market, rapid deployment of value generating solutions is critical."

Dax Craig, Valen's CEO, noted, "We welcome IAT to our client family and thank them for recognizing the value of our solution as well as that of our company and people. Our implementation teams are already heads down building the IAT model while working closely with IAT employees to help them achieve the maximum benefit from the UnderRight solution." About IAT Insurance Group The Parent Company, IAT Reinsurance Company, Ltd., is a Class 3 Bermuda domiciled reinsurer. The insurance and reinsurance operations are carried out in the US through seven companies - Acceptance Casualty and Acceptance Indemnity of Omaha, NE, Occidental Fire and Casualty and Wilshire Insurance Companies of Raleigh, NC, Harco National Insurance Company of Rolling Meadows, IL; Transguard Indemnity of Naperville, IL and Service Insurance Company of Bradenton, FL. All the companies are rated A- by A.M. Best. To learn more about IAT Insurance Group, visit www.iat-re.com. About Valen Technologies Valen Technologies, Inc. enables insurers to improve underwriting and premium audit results through our hosted predictive analytics solutions, UnderRight® and AuditRight®. Our experts combine our clients' data with historical risk, firmographic and econometric information in our XData® and ValenNetworks™ databases and use that data to build, deploy and monitor models for improving underwriting and optimizing premium audit processes. The combination of our data and our modeling expertise gives us the unique ability to create the industry's most effective predictive models. To learn more about Valen and Valen products call 1-800-280-3304 or visit website at www.valen.com.