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The Valen predictive analytics solution is being implemented to provide an even greater level of insight and pricing precision for Lincoln’s underwriting process for its commercial trucking business. Armed with the ability to make more informed pricing decisions with the Valen solution, Lincoln General anticipates improved profitability, while also leveraging the Valen predictive analytics ‘scores’ to manage business produced through the insurer’s MGA-based delivery system more effectively.
Lincoln General’s Chief Actuary, Gary Sudbeck, ACAS, MAAA, said, “In addition to the power of the Valen predictive analytics solution and the business insight it provides, we were also impressed with Valen’s total value proposition that included providing a turnkey predictive analytics solution, the ability to leverage Valen’s additional data, and the transparency provided into Valen’s model building process.”
“We thank Lincoln General for their confidence in our predictive analytics offering and our staff,” commented Dax Craig, Valen’s President and CEO. “We are working side-by-side with the Lincoln team to ensure a successful model development and implementation. We appreciate the business and we look forward to deploying a powerful predictive model to help them underwrite more effectively.”
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