Empower Your Predictive Capabilities with the Valen Data Consortium

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Empower Your Predictive Capabilities with the Valen Data Consortium

Enhanced Predictive Power

The Valen Data Consortium, offered by Insurity, is a revolutionary solution that empowers insurance companies with enhanced predictive power for Property and Casualty (P&C) policies. With access to a massive database containing $109 billion in premium across all standard P&C lines of business, this consortium provides a comprehensive repository of P&C policy, claims, billing, and submission data. By combining this proprietary dataset with over two dozen third-party data sources, the Valen Data Consortium offers unparalleled depth and breadth to insurers' data, significantly extending their predictive capabilities.

Improved Loss Ratios and Profitability

Insurity customers leveraging the Valen Data Consortium experience substantial improvements in their loss ratios, typically achieving 3-10% better results compared to industry averages. By harnessing the power of this extensive dataset, insurers can enhance profitability and lower their cost of claims. With insights derived from $60 billion in workers’ compensation data, $8 billion in commercial auto data, and $32 billion in claims incurred, companies can make informed decisions that lead to better financial outcomes.

Driving Growth and Performance

The Valen Data Consortium not only serves as a tool for improving predictive analytics but also acts as a catalyst for driving long-term, profitable growth. Through AI-powered models, Insurity customers utilizing this solution have achieved significant growth rates, surpassing the industry average by three times over the past five years. By incorporating consortium-derived predictive variables into underwriting and pricing models, insurers can make data-driven decisions that propel their businesses forward.

Benefits of Valen Data Consortium

Insurity's Valen Data Consortium offers insurers a host of benefits, including access to the most detailed and recent data standardized and normalized in a robust data warehouse. Regular feeds of consortium policy data deliver pre- and post-audit premium and loss information, enabling companies to make informed decisions. Furthermore, insurers can measure the impact of data-driven choices on their performance through comprehensive reports that combine model predictions, underwriter decisions, and actual claim experiences.

Proactive Portfolio Management

By integrating policy predictions into portfolio management analytics, insurers can proactively manage their portfolios based on predictive insights. This proactive approach allows companies to take action based on where their performance is headed, rather than waiting until losses have already been incurred. Additionally, insurers benefit from leveraging anonymized and cleansed contributions to the Valen Data Consortium, ensuring data privacy and protection while contributing to a collective pool of valuable insights.

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Insurity Spreadsheet API Solution Overview

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Enhanced Decision-Making with Real-Time Insights

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Streamlining the Underwriting Process

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