Insurity Valen Analytics®, a leading provider of proprietary data, analytics, and predictive modeling for P/C insurers, today announced that the company has been named in FinTech Global’s INSURTECH100 2019, an annually published list that recognizes 100 of the world’s most innovative insurtech companies shaping the future of the insurance industry. The list aids insurance industry executives and professionals in identifying the digital insurance technologies that are most likely to succeed and have a lasting impact.
A panel of industry experts and analysts evaluated global industry players based on the companies’ client growth, capital raised, and revenues, as well as the level of innovation of each company’s solution. Other factors that were considered include the significance of the industry problem that the company is solving, the efficiencies delivered by the company in terms of time and cost, and the company’s contributions to enhancing client revenues.
“We are pleased to recognize innovation leaders like Insurity Valen Analytics, who are playing a pivotal role in redefining and advancing insurance,” said Richard Sachar, director at FinTech Global. “We evaluated thousands of prominent insurtech companies before finalizing the top 100 that were chosen based on how impactful their technology is toward solving major industry problems.”
“We are thrilled to be globally recognized as a top 100 insurtech company, along with our ability to continually deliver solutions that truly help insurers become analytically-driven,” said Kirstin Marr, president at Insurity Valen Analytics. “The insurance industry needs reliable, objective insights in real-time to guide their business decisions, and we cater to this need by offering the most advanced analytics to empower underwriting and claim processing decisions. Being named among the INSURETECH100 validates the positive impact that we’ve delivered to our clients and to the industry as a whole, and we are, indeed, honored to receive this recognition.”
Insurity Valen Analytics offers an array of data capabilities to insurers’ analytics teams. With over $90B DWP, the Valen Data Consortium offers transactional, behavioral data such as risk profile, attributes, and claims history, enabling real-time, evidence-based decisions. In addition, the company offers full-service data and predictive modeling services, hosted on its InsureRight platform for best-in-class business integration, monitoring, measurement, and overall data analytics governance. The platform integrates with DataHouse, Insurity’s award-winning solution with the most comprehensive data model in the insurance industry and end-to-end support for commercial, personal and specialty lines of business.
About Insurity Valen Analytics
Insurity Valen Analytics, provides 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 clients are focused on increasing competitive pressures, fighting adverse selection with innovative solutions, and raising awareness for the impending “experience gap” with initiatives such as Insurance Careers Movement. Our clients span many lines of business including homeowners, personal auto, workers’ compensation, commercial auto, commercial package, commercial property, and BOP. Valen integrates with several Insurity products and solutions, including DataHouse and Policy Decisions, enabling improved data management and data-driven decision making. Learn more about Valen at www.valen.com.
About Insurity
Insurity is a leading provider of cloud-based solutions and data analytics for the world’s largest insurers, brokers, and MGAs. Through its best-in-class digital platform and with unrivaled industry experience, Insurity empowers clients to focus on their core businesses, optimize their operations, and deliver superior customer experiences. With users worldwide and more cloud-based deployments than any other core system provider in the insurtech space, Insurity is trusted by 15 of the top 25 property/casualty carriers in the US. For more information, visit www.insurity.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191107005233/en/