X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Dig Deeper

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.