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Fiserv Teams Up with Valen Technologies, Inc., to Offer Predictive Analytics to Property and Casualty Customers

Fiserv, Inc. (NASDAQ: FISV), a leading provider of technology solutions, and Valen Technologies, Inc., the predictive analytics experts for the property and casualty (P&C) insurance industry, located in Denver, Col., today announced a strategic alliance to offer real-time predictive underwriting capabilities to Fiserv insurance carrier clients to enable more effective risk selection and pricing.

The alliance with Valen Technologies will provide Fiserv clients with a comprehensive, predictive analytics capability for their Fiserv P&C product suite. Predictive analytics provide important insights into target marketing, risk selection and producer segmentation, while also facilitating straight-through processing via tier placement and micro-segmentation. Using multivariate, nonlinear modeling to provide new business insight based on past experience, predictive analytics help carriers better predict future outcomes and make more informed decisions.

“By partnering with Valen, Fiserv brings clients the opportunity to improve underwriting discipline, consistency and results, helping insurance carriers better match premium and risk,” said Gary Sherne, president of the Fiserv P&C Solutions division. “Rather than relying solely on subjective and intuitive underwriter judgment, Valen’s underwriting solutions use proven, predictive analytics science to objectively pinpoint the expectation of loss at an individual policy level. In doing so, our customers will be able to select and price risk more effectively.

“The combination of the Fiserv suite of P&C insurance products and Valen’s predictive analytics capabilities offer carriers an extremely attractive solution to enable not just a highly efficient operating environment but one that allows them to better analyze their business and make the most informed decisions,” said Dax Craig, chief executive officer of Valen Technologies. “We look forward to continuing our work with Fiserv to enable our mutual carrier customers to achieve maximum business value from their Fiserv and Valen technologies.”