TL_2.1.18

InsureRight for Workers Compensation

Available from Valen Analytics

An analytical standard in workers compensation, InsureRight from Valen is rapidly deployed and easily integrated. The system is designed to enable superior risk selection for users, along with pricing accuracy, throughput efficiency, protection from adverse selection, and key market position insights.

Manage:

Portfolio management tool to assess performance leveraging proprietary industry data;
Identify pockets of pricing inadequacy and profitability;
Track risk quality trends compared to actual quoted and bound price levels;
Measure production efficiency over time and against historical benchmarks;
Measure portfolio profitability goals by dimensions of interest;
Spot in-force book trends to adjust price, risk and growth appetite;

Predict:

Risk Score predicts a policy’s prospective term loss ratio relativity;
Misclassification Score predicts the percentage of misclassified exposure on a policy;
Premium Impact Score identifies additional or return premium associated with exposure shifts across classes from pre- to post- audit;
Class code analysis;
State-of-the-art visual analytics for model monitoring and performance.

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