Valen Analytics, an Insurity company, recently announced the results of the company’s third annual ROI study, which highlights the evolution of data-driven insurers and their ability to consistently outperform the market. From 2012-2017, Valen customers collectively saw loss ratio improvement of 3-9 points better than the industry average, while achieving 53% direct written premium growth, compared to 18% growth for the market. Results were calculated from 20 workers’ compensation customers, totaling $1.8 billion in premium.
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Interested in predictive analytics? Comp Blog’s new tech symposium Spotlight on Solutions on June 15th in New Orleans will have a session about trends in the sector. Full info and registration here.