Millbrook Inc., a provider of business intelligence and data services for property/casualty insurers, and Valen, predictive analytics experts for the P&C industry, have announced they have partnered to provide an end-to-end predictive analytics solution targeted specifically for the property/casualty insurance industry.
Valen chose to partner with Millbrook due to its depth of experience in extracting, transforming, and loading data from multiple sources and insurance vendor systems; business intelligence capability; and deep knowledge of P&C insurance.
"A Millbrook and Valen partnership provides both companies an opportunity to have end-to-end business intelligence solutions that will help P&C insurance companies segment risk more granularly and price policies more effectively," says Dax Craig, Valen's CEO.
Millbrook found Valen an attractive partner due to Valen's subscription service approach that makes predictive modeling affordable for a broad spectrum of company size and diversity, according to Millbrook.
John Search, Millbrook vice president, states, "The ability to wring every drop of knowledge from a combination of a company's internal data and external data is strategically differentiating. It is creating a playing field of have and have-nots among insurance carriers, where those with the best business intelligence will win, and those with little to none will not survive. Adding predictive analytics through our partnership with Valen provides insurance carriers with an exciting new level of maturation at a price they can afford."
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