FHM Insurance Adopts Valen Analytics’s Predict Features of InsureRight Platform

The new capabilities will give the Southeastern U.S. workers’ compensation insurer’s underwriters enhanced visibility into individual risks, transforming how they interact with predictive scores, the vendor says.

FHM Insurance Company (FHM; Orlando, Fla.), a P&C carrier focusing on workers’ compensation coverage in the Southeast region of  the U.S., has adopted the Predict features of Valen Analytics’s InsureRight Platform to make predictive analytics more accessible to its underwriters and to provide more insight into the potential risk associated with workers’ compensation policies, according to the vendor.

By adopting this component of the InsureRight Platform, FHM will gain access to transactional model deployment for risk selection and pricing accuracy, according to a vendor statement. Predict empowers underwriters with enhanced visibility into individual risks, transforming how they interact with predictive scores, Valen claims.

“Incorporating sophisticated analytical tools provides a competitive advantage for commercial lines carriers,” comments Matt Whisenant, FHM’s director of underwriting. “Valen’s InsureRight Platform enables our underwriters to better leverage their expertise when evaluating policies and make more consistent decisions on risk selection and pricing.”

The InsureRight Platform offers comprehensive portfolio management capabilities and transactional model deployment for risk selection and pricing accuracy, according to Valen Analytics.

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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