TransUnion and Valen Technologies introduce to the insurancemarket PropertyRight, a predictive analytics product that allowshomeowners insurance carriers to identify homes with the highestlikelihood of insurance-to-value (ITV) problems or condition andliability hazards. The PropertyRight predictive models, coupledwith a comprehensive property inspection databases, provide asolution to help improve underwriting action rates.

Property inspections are an integral part of an insurer's riskassessment, underwriting evaluation, and rating process. Inadequate ITV or conditions and liability hazards on uninspectedproperties can cause carriers to take on additional risks that cantranslate into higher loss ratios and reduced profitability.PropertyRight provides carriers with real-time or batch delivery ofhighly predictive scores, allowing them to take action onidentified properties.

“PropertyRight is actively addressing an immediate need ofthe property insurance industry right now,” says Kelley Buchanan,executive vice president of TransUnion's insurance businessunit. “Having additional insights on where to best leveragevaluable inspection resources in the underwriting process can havea positive impact on mitigating losses, better aligning coverageand improving the bottom line.”

PropertyRight was designed to help insurance carriers:• Decrease losses by identifying properties with potentialcondition or liability hazard risks • Increase premium captureby improving the level of insurance-to-value (ITV) • Lowertreaty reinsurance costs by improving portfolio ITV • Improvecustomer satisfaction by ensuring proper ITV

“The combined strengths of TransUnion's reputation fordelivering results to the insurance market and Valen's ability todeploy predictive models for insurers provide homeowner carrierswith a strategic advantage,” says Dax Craig, CEO of Valen. “We'repleased to partner with TransUnion to bring PropertyRight as ourfirst joint solution for the insurance market.”