FHM Picks Valen for Workers' Comp Analytics

FHM Insurance Company (FHM), a workers' compensation insurance provider, has incorporated the Predict features of Valen's InsureRight platform to make predictive analytics more accessible to underwriters and to provide more insight into the potential risk associated with workers' compensation policies, the companies said in a statement.

FHM gains access to transactional model deployment for risk selection and pricing accuracy with the platform, the release claims. It is supported by Valen's contributory database.

"Incorporating sophisticated analytical tools provides a competitive advantage for commercial lines carriers," said Matt Whisenant, Director of Underwriting at FHM Insurance Company. "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."

[More workers comp tech trends: Claims heats up]

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio