Ohio-based Celina Insurance Group has selected EagleEye Analytics to meet its predictive analytics requirements under a long term services agreement.
EagleEye Analytics said Celina is utilizing its insurance specific machine learning solution suite, Talon, to address key business goals including expense reduction, pricing improvements, improved risk selection, and customer retention.
This machine learning approach allows data to interact naturally to find patterns that other techniques miss or cannot find, according to EagleEye Analytics.
Celina Insurance Group vice president and chief actuary Vince Franz said that the Talon engine provides analytical processing power that couldn’t be found in other offerings, which allows Celina to process analyses in a matter of minutes or hours.
"By using EagleEye Analytics’ solution suite, our mix of business and pricing may improve, both of which position us for profitable growth," Franz said.
Founded in 1914, Celina Insurance Group has developed into a multi-line insurance provider offering auto, non-standard auto, home, commercial auto, commercial property and casualty, umbrella and farm coverages.