Valen Technologies, a data and analytics provider for property & casualty insurers, announces the latest in its suite of predictive analytics solutions with InsureRight 2.0.  Building on InsureRight 1.0, a product that made predictive analytics accessible for small and mid-size carriers, InsureRight 2.0 introduces advanced capabilities including a premium impact model, portfolio management and production monitoring reporting. 

Also included are improved class fit analysis and multi-state scoring capabilities. With InsureRight, Valen's predictive analytics product, workers' compensation underwriters can make loss ratio improvements and set risk-based pricing with a quick turnaround time. 

"Workers' compensation is one of the most difficult lines of business to predict accurately, and Valen provides a scientific way for underwriters to predict future policy risk correctly," says Dax Craig, president and CEO of Valen.  "With InsureRight 2.0, we took our product and made critical advancements to continue assisting our customers' ability to improve underwriting performance. It is important for work comp carriers to base underwriting decisions on objective evidence rather than underwriter judgment alone."