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Valen Technologies Overview
Valen Technologies offers a comprehensive predictive analytics platform for risk analysis, risk segmentation and data mining. In 2001, Dax Craig and Richard Vlasimsky, longtime friends since their high school days, decided to leave their current jobs and start something new. Something that would change an industry. With Richard's background in data mining technology and Dax's successful...More»
Valen Technologies offers a comprehensive predictive analytics platform for risk analysis, risk segmentation and data mining. In 2001, Dax Craig and Richard Vlasimsky, longtime friends since their high school days, decided to leave their current jobs and start something new. Something that would change an industry. With Richard's background in data mining technology and Dax's successful entrepreneurial track record, the duo embarked on a mission to create a technology company to deliver predictive analytics solutions that help companies make day-to-day decisions in a more accurate, consistent and profitable manner. The result: Valen Technologies was incorporated in 2002.«Less
Key People
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Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 11/2007 | Series C | 6.5M | Unknown |
Products
| Name: | AuditRight |
| Product URL: | http://www.valentech.com/audit_solution.htm |
| Description: | For the premium auditor, who wants to increase their audit premium, Valen Technologies offers an auditing solution, Audit Right, that helps auditors identify those policies most likely to have a premium discrepancy. Rather than using premium bands and/or class codes only to determine which accounts to field audit, Valen's predictive analytic platform uses sophisticated pattern recognition technology to identify those policies with an exposure and premium mismatch and then makes a recommendation on the type of audit to perform - mail, phone or physical. By using predictive analytics in the premium audit function, insurance companies see a substantial increase in net additional premium. |
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| Name: | UnderRight |
| Product URL: | http://www.valen.com/underwriting-solutions |
| Description: | Valen’s UnderRight™ enables insurers to increase the accuracy of underwriting decisions and pricing tier placement. Using UnderRight, insurers avoid adverse selection, improve competitive position, shorten underwriting cycle time and reduce loss ratio by at least 4 points. |
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03/31/2009 11:27AM by mckinley
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| Alexa Rank: | n/a |  |
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| Yahoo Search Results: | 3,060 | ||
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Society Insurance Implements Predictive Analytics Solution
Dec 1, 2009 - 0 comments
Society Insurance in Production with Valen Technologies’ UnderRight Predictive Analytics Solution
Dec 1, 2009 - 0 comments
Pinnacol Assurance Expands Use of Predictive Analytics with Selection of Valen’s AuditRight® Solution
Oct 20, 2009 - 0 comments
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