BOSTON, MA – February 24, 2012 –Agencyport Software (formerly Sword Insurance), a leading provider of software and services to the global insurance and reinsurance industries, announced today that it has partnered with Valen Technologies, Inc. to provide Agencyport customers with an integrated predictive analytics solution.
Under the agreement, Agencyport will integrate Valen's InsureRight® product into the AgencyPortal® platform to provide agents and underwriters with a much more robust predictive analytics offering for identifying the risks associated with any new book of business. Underwriters will also be able to quickly determine whether policies have been misclassified, provide agents with real-time pricing on more policies and faster underwriting turnaround times.
"Valen has an excellent reputation and deep experience within the predictive analytics marketplace which made for a natural choice as a partner," said Michael McCurley, Senior Vice President of Global Sales for Agencyport. "Our clients use AgencyPortal to provide agent self-service on the web and by integrating AgencyPortal with Valen, our customers can now make better and faster decisions around approving policies."
"As the premier provider of agent portals, Agencyport was an attractive partner and we are excited to begin the relationship, and to provide Valen's InsureRight product as a competitive advantage for workers compensation agents and underwriters" said Dax Craig, CEO of Valen Technologies.
The predictive analytics capabilities will be available as part of the forthcoming AgencyPortal version 4.5.
Agencyport Software lets P&C insurers engage simply and quickly with their product distribution channels and technology partners. We offer the world's leading web-based distribution technologies and robust business intelligence tools—making the complex business of insurance simpler and smarter, increasing efficiency, improving underwriting, and sharpening carriers’ competitive edge.
Valen Technologies, Inc. improves pricing, underwriting and premium audit results through cloud computing predictive analytics solutions, InsureRight®, UnderRight®, RateRight®, and AuditRight®. The Valen Networks consortium database of detailed policy and claims data is used to build, deploy and monitor predictive models for improving risk selection, pricing, underwriting, and optimizing premium audit processes. Learn more about Valen at www.valen.com.