Society Insurance, a provider of property, liability and business auto insurance products, has selected UnderRight predictive analytics solution developed by Valen Technologies.
According to Valen, with its UnderRight solution Society Insurance will be able to make informed underwriting and pricing decisions. With the ability to assess risk more accurately, and price accordingly, Society expects to maximize profitability.
Rick Parks, COO of Society Insurance, said: Valen’s predictive models will give our underwriters a level of objective insight into our business that they have not had before. Not only will they be able to price more consistently and accurately, but our underwriters will be able to increase their production significantly.