Solutions

UnderRight™ – Predictive Underwriting Solution

For the insurance carrier, who wants to improve underwriting results with increased underwriting discipline and consistency, Valen Technologies offers a predictive analytic underwriting solution, UnderRight, that helps insurance carriers match premium and risk. Rather than relying on subjective and intuitive underwriter judgment, Valen's UnderRight use proven, predictive analytic science to objectively pinpoint the expectation of loss for an individual policy. In doing so, your company will select and price risk more effectively.

Valen's UnderRight produces a score that can be deployed into your business in a number of ways, including:

• Risk Selection identifies those policies most likely to be highly unprofitable. By identifying those policies that are being subsidized heavily by your book of business, Valen's UnderRight solution will help you to improve your loss ratio.
• Tier Placement places policies into a more optimal tier schedules (e.g. ultra-preferred, preferred, standard, and non-standard). In doing so, policies will be priced more accurately. By placing risks more accurately in the appropriate tier, your book will witness loss ratio improvements and profitable growth.
• Schedule Rating provides indications that advise underwriters of any debits or credits to apply to achieve higher price adequacy. By pricing to risk more precisely, you will be more competitive in today's softening market.

Benefits

• Increase pricing precision
• Avoid adverse selection
• Grow profitably in a soft market