To ensure premium to exposure accuracy

Pinnacol Assurance, a Colorado-based provider of workers’ compensation insurance and Valen Technologies, a turnkey provider of predictive analytics solutions to the insurance industry, has announced that Pinnacol has selected to implement Valen’s, AuditRight Predictive Analytics solution to ensure premium to exposure accuracy.

Valen will facilitate Pinnacol’s efficient use of premium audit resources by identifying policies with the greatest risk of premium deviation.

Pinnacol’s selection of AuditRight is an expansion of the insurer’s use of Valen predictive analytics solutions. Valen and Pinnacol implemented Valen’s UnderRight predictive analytics solution for underwriting in October of 2007.

Dax Craig, president and CEO of Valen, said: “Pinnacol Assurance is a leading edge insurance company and is committed to delivering excellent services to its policy holders. We are honored that they chose Valen once again to help them deliver on their customer service commitments and we look forward to continuing our predictive analytics work with the Pinnacol team.”