Marietta, Pa.-based multiline P&C carrier Donegal Insurance Group will use Valen Technologies' (Denver, Colo.) InsureRight predictive analytics software.
Donegal hopes the system will help it more efficiently identify risks for new and renewed policies and price according to risk in order to improve loss ratio performance. A secondary goal is preventing misclassifying policies.
[Donegal CIO Sanjay Pandey writes for I&T about how the company strives to attract agents with technology.]
"We’re excited to have Valen’s modeling expertise allow our internal experts to make more informed business decisions," says Chet Szczepanski, VP and chief actuary of Donegal Insurance Group, in a statement. "Valen provides strategic tools we can incorporate into our core underwriting processes for the long-term.”