TransUnion, Valen Analytics Product Identifies Problem Properties

TransUnion and Valen Technologies introduce to the insurance market PropertyRight, a predictive analytics product that allows homeowners insurance carriers to identify homes with the highest likelihood of insurance-to-value (ITV) problems or condition and liability hazards. The PropertyRight predictive models, coupled with a comprehensive property inspection databases, provide a solution to help improve underwriting action rates.

Property inspections are an integral part of an insurer’s risk assessment, underwriting evaluation, and rating process.  Inadequate ITV or conditions and liability hazards on uninspected properties can cause carriers to take on additional risks that can translate into higher loss ratios and reduced profitability. PropertyRight provides carriers with real-time or batch delivery of highly predictive scores, allowing them to take action on identified properties.