Lincoln General Insurance Company selects Valen Technologies’
UnderRight Predictive Analytics Solution
April 22, 2008 | Valen Technologies
For Immediate Release:
Lincoln General Insurance Company selects Valen Technologies’ UnderRight Predictive Analytics Solution
Coupled with Valen’s Enterprise Data Warehouse, UnderRight will refine insurer’s pricing process for commercial trucking business
DENVER, Colo., April 22, 2008 – Valen Technologies, the turnkey predictive analytics experts for the property and casualty (P&C) insurance industry, today announced Lincoln General Insurance Company has chosen Valen’s UnderRight predictive analytics solution. Lincoln’s implementation will also take advantage of the wealth of data provided with Valen’s Enterprise Data Warehouse.
The Valen predictive analytics solution is being implemented to provide an even greater level of insight and pricing precision for Lincoln’s underwriting process for its commercial trucking business. Armed with the ability to make more informed pricing decisions with the Valen solution, Lincoln General anticipates improved profitability, while also leveraging the Valen predictive analytics ‘scores’ to manage business produced through the insurer’s MGA-based delivery system more effectively.
Lincoln General’s Chief Actuary, Gary Sudbeck, ACAS, MAAA, said, “In addition to the power of the Valen predictive analytics solution and the business insight it provides, we were also impressed with Valen’s total value proposition that included providing a turnkey predictive analytics solution, the ability to leverage Valen’s additional data, and the transparency provided into Valen’s model building process.”
“We thank Lincoln General for their confidence in our predictive analytics offering and our staff,” commented Dax Craig, Valen’s President and CEO. “We are working side-by-side with the Lincoln team to ensure a successful model development and implementation. We appreciate the business and we look forward to deploying a powerful predictive model to help them underwrite more effectively.”
About Lincoln General Insurance Company
Lincoln General Insurance Company has specialized in providing insurance for the transportation industry since 1977. Lincoln became a member of the Kingsway Financial Services Inc. (NYSE-KFS) group of companies in 1998 and has grown to become the largest company in the group, with gross written premiums in excess of $1 billion in 2005.
For additional information, visit www.lincolngeneral.com.
About Valen Technologies
Valen Technologies is the expert in turnkey predictive analytics for the property and casualty insurance industry, offering highly automated predictive analytics solutions to create and deploy predictive models. Valen helps its customers improve decision making by using predictive analytics in the decision process. To learn more about predictive modeling and Valen Technologies, visit www.valen.com or call 800-280-3304.
PR Contact:
Susan Douglas
Solomark Associates
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