DENVER-(BUSINESS WIRE)-Valen Analytics®, an Insurity company and provider of proprietary data, analytics and predictive modeling for P/C insurers, today announced that Canal Insurance Company, a Greenville, South Carolina provider of Commercial Truck Insurance, has implemented the InsureRight® Platform to host predictive analytics initiatives built by the insurer’s product team.
The InsureRight Platform provides Canal an actionable and streamlined means of managing its predictive models and the underlying data to make real-time underwriting decisions.
“We built the InsureRight Platform to empower insurers to easily deploy predictive analytics initiatives that will have meaningful results on their business,” said Kirstin Marr, President of Valen Analytics.
The InsureRight Platform also allows Canal to track usage of the model, identifying instances where underwriters have incorporated a model suggestion into a quote, and maintaining a record of the information used to quote a policy.
“Valen’s extensive experience in the insurance industry allows us to provide a seamless integration of modeling insights into our underwriters’ daily workflow, and proactively address use cases and considerations when using predictive analytics in decision-making,” said John DiBlanda, CFO at Canal Insurance Company.
The InsureRight platform provides Canal the lightest IT solution, purpose-built for the property and casualty insurance industry.
Canal Insurance Company is a third generation family owned and operated insurance company, specializing in commercial trucking since our inception, almost 80 years ago.