Today’s issue of WorkCompRecap features even more acquisition news with the announcement from Insurity that it has acquired proprietary data, analytics and predictive modeling provider Valen Analytics.
Insurity noted that the addition of Valen will allow its customers to take advantage of Valen’s data-first strategy, as it has amassed robust contributory data assets across all standard P&C lines. Insurity also cited Novarica research that solutions like Valen’s that unite insurance data and proven analytic models are likely to be in high demand, with more than half of insurers already using real-time scoring today, and more than a quarter planning pilot programs this year. The Valen brand is expected to be retained within the organization, and operations will continue as ‘Valen Analytics, an Insurity company.’
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