SOURCE: Valen Technologies

February 21, 2007 08:00 ET

Valen Technologies Issues White Paper Exploring How to Deploy Predictive Analytics Effectively

DENVER, CO -- (MARKET WIRE) -- February 21, 2007 -- Valen Technologies, the experts in predictive analytics for the insurance industry, today announced the release of the White Paper "So You Want to Use Predictive Models in Insurance - A White Paper on Getting Started with Predictive Analytics." The piece, authored by industry analyst Mark Gorman, explores how to deploy predictive analytics effectively, including the steps an organization must take before implementation and understanding the organizational impact, in order to gain a significant ROI.

Before implementing a predictive analytics solution, insurance carriers must understand the purpose of the investment and how predictive analytics is unique to traditional risk assessment methods. Within the White Paper, insurance carriers learn about the goals they will achieve, but also the steps necessary to execute a successful technology initiative beyond just modeling including, the importance of data, systems integration, business implementation and the ongoing monitoring of the model.

"This White Paper is a valuable read for any insurance organization considering predictive analytics which wants to better understand both the internal and external impacts of an implementation," explains Mark Gorman, author and industry analyst. "The paper explores factors often overlooked, such as examining the long-term objectives and understanding the organizational impacts, from training to implementation."

"We commissioned this paper to help organizations not only understand the value of predictive analytics, but to lend expert and honest advice about the necessary steps and effects of predictive analytics adoption," said Valen Technologies, CEO, Dax Craig. "To attain a competitive advantage, an organization must understand how success is achieved through preparation and an accurate understanding of the technology."

"So You Want to Use Predictive Models in Insurance" explores not only the basics of predictive analytics technology, but the overall organizational impact. The paper helps organizations prepare for changes in workflow, how to train and put in place the necessary support team, and further how to drive organizational acceptance.

About Valen Technologies

Valen Technologies is the expert in predictive analytics for the property and casualty insurance industry. Valen delivers a highly automated solution to validate and enrich data, create and deploy predictive models, develop reports and monitor the models in production. Valen helps its customers improve core business decisions to ultimately increase profitability. To learn more about predictive modeling and Valen Technologies, visit www.valentechnologies.com or call 800-280-3304.

Contact Information

  • PR Contact:
    Chris Ciauri
    Valen Technologies
    720-570-3333
    Email Contact