EagleEye Analytics, an insurance solutions company that provides predictive analytics and information services to the property/casualty insurance industry, announced it has formed a strategic alliance with Milliman, Inc., the international firm of consultants and actuaries, to offer customers the latest in insurance predictive analytics offerings.
"Milliman entered this strategic alliance because EagleEye Analytics' solutions offer us the ability to do more for our clients," says Nancy Watkins, a principal and consulting actuary with the property/casualty practice for Milliman. "Our skill sets are complementary, enabling us to deliver comprehensive and powerful predictive analytics offerings to the insurance marketplace."
EagleEye Analytics' Insight product is a Web-based predictive analytics solution that uses advanced machine learning technologies to identify risk characteristics that relate to profitability. Insight enables P&C carriers to take actions that result in lower loss ratios and higher underwriting profits.
"Milliman's insurance expertise, creative thinking, and innovative tools, coupled with EagleEye Analytics' predictive analytics solutions, make for the perfect match," says Terry R. Wade, president and CEO of EagleEye. "Together, we provide the insurance industry with a real opportunity to achieve sustained growth and greater profitability."
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