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HEMIC Selects Valen's UnderRight Predictive Analytics Solution

Published: July 18, 2008

Valen's UnderRight solution is being implemented to provide additional rigor, insight, and precision for HEMIC's workers' compensation underwriting process.

Valen Technologies, the turnkey predictive analytics experts for the property and casualty (P&C) insurance industry, recently announced Hawaii Employers' Mutual Insurance Company (HEMIC) has selected Valen's UnderRight predictive analytics solution. The implementation is currently underway and on track for production use in fall of 2008.

Valen's UnderRight solution is being implemented to provide additional rigor, insight, and precision for HEMIC's workers' compensation underwriting process. Given the challenges of today's soft market combined with an increasingly competitive environment, HEMIC looked to Valen for predictive analytics technologies to complement and maximize the expertise of HEMIC's underwriting staff.

Bob Dove, HEMIC's CEO, commented, "The combination of Valen's data, experience, and product made for a very compelling value proposition. We were impressed with Valen's predictive analytics solutions, but their knowledge of the workers compensation underwriting process and their experience developing predictive models were also very attractive to us. "