Two entrepreneurs changing an industry

Valen was founded in 2002 by two long-time friends who wanted to change an industry. Dax Craig, a successful entrepreneur, and Richard Vlasimsky, an experienced consultant with strong predictive modeling background created Valen to deliver the benefits of predictive analytics to commercial insurers. Their goal was to aid insurers in making more consistent, accurate and profitable business decisions by incorporating predictive analytics in day-to-day processing.

Unlike the majority of predictive analytics companies, Valen delivers the results of analytics, not tools to perform analysis. Valen learned that few insurers have the time to build predictive models and those that do are focused on actuarial functions. Insurers want results and results are what Valen delivers. Our unique business model delivers the results of predictive models via a software-as-a-service architecture that eliminates many of the hassles associated with model development and deployment.

Unlike rules engines that rely on educated guesses to create underwriting rules, the underwriting and audit rules that Valen uncovers are based on solid science. Valen relies on predictive analytics to go beyond the folklore and tradition that drive underwriting and delivers improvements to the insurer’s bottom line.

As Valen grows, we continuously seek out new ways to apply predictive analytics to the business problems that face insurers. We pride ourselves on the entrepreneurial spirit that Dax and Richard created and it is this spirit that drives us to find new, innovative uses for predictive analytics.