Insurity, Inc., a provider of core insurance processing and data integration and analytics solutions, today announced its acquisition of Valen Analytics® (Valen). Founded in 2004, Valen is a provider of proprietary data, analytics and predictive modeling for P&C insurers. The Valen brand will be retained with the organization, operating as 'Valen Analytics, an Insurity company.'
Founded in 2004, Valen specializes in predictive modeling. Valen’s InsureRight Platform leverages a suite of tools to provide insurers with a proprietary set of underwriting and insurance predictive analytics in addition to access to immense external and contributory data assets.
Valen Analytics is based in Denver, CO.
This acquisition will provide the business and all of us with opportunities we wouldn’t have otherwise had.
Valen customers gain the backing of an organization with significant financial resources and access to a broader portfolio of solutions, such as Insurance Enterprise View, an award winning data and analytics solution that complements and advances our predictive modeling capability. Significant cross-sell opportunities exist across Insurity's large customer base, and there is opportunity to further leverage the current synergy with Tropics and our investment in the workers' comp market.
Our combined company will offer distinct value in the following areas:
Valen provides Insurity with a leading predictive analytics capability – P&C insurance carriers are increasingly looking towards predictive analytics to help drive better decision making, and this capability is increasingly a factor in new software suite buying decisions. Valen’s growth will also accelerate as InsureRight is packaged into PD Evolution sales.