Fiserv, Inc., a provider of technology solutions, and ValenTechnologies, Inc., a predictive analytics developer for theproperty/casualty insurance industry, have announced a strategicalliance to offer real-time predictive underwriting capabilities toFiserv insurance carrier clients to enable more effective riskselection and pricing.

The alliance with Valen will provide Fiserv clients with acomprehensive, predictive analytics capability for their FiservP&C product suite. Predictive analytics provide insights intotarget marketing, risk selection, and producer segmentation whilealso facilitating straight-through processing via tier placementand micro-segmentation. Using multivariate, nonlinear modeling tooffer new business insight based on past experience, predictiveanalytics helps carriers better predict future outcomes and makemore informed decisions.

"By partnering with Valen, Fiserv brings clients the opportunityto improve underwriting discipline, consistency, and results,helping insurance carriers better match premium and risk," saysGary Sherne, president of the Fiserv P&C Solutions division."Rather than relying solely on subjective and intuitive underwriterjudgment, Valen's underwriting solutions use predictive analyticsscience to pinpoint objectively the expectation of loss at anindividual policy level. In doing so, our customers will be able toselect and price risk more effectively."