Denver, CO – Valen Analytics recently announced a new customer engagement with Stonetrust Commercial Insurance Company, a Louisiana-based insurer providing workers’ compensation and employers’ liability insurance. Stonetrust will utilize the Manage and Predict applications in Valen’s InsureRight Platform for a complete perspective on the potential risk associated with workers’ compensation policies.
“The commercial lines industry is becoming increasingly complex and competitive due to underwriting profits being at the top of corporate priorities. Our increased focus on objective criteria for risk selection, pricing in underwriting, and utilizing tools like InsureRight will help us to grow profitably,” said Sukhy Dhillon, CIO of Stonetrust. “We are thrilled to be working with Valen, who understands our business goals and delivers the precise, real-time information we need to gain a competitive edge.”
InsureRight Platform is powered by Valen’s contributory database, which represents the largest and most robust data consortium specifically built for predictive analytics. Predict gives underwriters the ability to analyze individual policies with superior accuracy. Manage provides insurers with a forward-looking assessment of their portfolio’s risk quality, allowing them to quantify and forecast profitable segments of the market to pursue. Additionally, Valen’s latest Risk Score gives Stonetrust the unique ability to analyze historically loss-free polices for increased accuracy in underwriting.
“By tapping into our new Risk Score, Stonetrust is one of the first to be able to accurately price loss-free policies, which represents a new frontier in pricing and risk selection,” said Dax Craig, CEO and President of Valen Analytics. “By coupling this level of underwriting accuracy with the ability to analyze their position in the commercial lines market, Stonetrust is in a great position to utilize the full value of analytics in underwriting.”