Millbrook and Valen forge partnership Predictive Analytics for the P & C Insurance Industry bodies
Exton, PA and Denver, CO (openPR) 1 August 2008
Millbrook Incorporated, the leading provider of property and casualty (P & C) insurance business intelligence and data services, and Valen, the turnkey predictive analytics experts for the P & C insurance industry, announced today that they entered into a partnership to an end-to-end predictive analytics solution targeted specifically for property and casualty insurance industry support.
companies is to recognize the strategic value of their own information and the power of true predictive analytics marriage of predictive analytics solutions and Valens Millbrook Business Intelligence products and services, an excellent choice in developing their profitability and strategic position.
Valen chose to partner with Millbrook due to their depth of experience in extracting, transforming and loading data from multiple sources and insurance vendor systems;. rich business intelligence capabilities and deep knowledge of P & C insurance
Dax Craig, Valen’s CEO, commented: “A Millbrook and Valen partnership offers both companies the opportunity to complete end-to-end business intelligence solutions, the P & C insurance segment, more granular risk and pricing policies to be effective to have. “
Millbrook Valen found an attractive partner because of their unique subscription service approach that makes predictive modeling affordable for a wide range of companies size and diversity. Valens capability, data from several sources, including a wide selection of external data sources, results in predictive models to combine the offer exceptional value.
Millbrook Vice-President John said searched. “The ability to every drop of knowledge from a combination of an internal and external data is strategic to wrest differentiation is the creation of a field have and have-nots among insurers, where those with the best business intelligence will win, and those will be with little to no not survive. Millbrook knows insurance and knows how to please reasonable insurance and actionable through our products and services. Adding Predictive Analytics to these offers through our partnership with Valen insurers with an exciting new maturity at a price they can afford. “
“In the rapidly changing and highly competitive soft market most insurance companies can be found, it is no longer a question of ‘if’ they adopt Business Analytics or even” if. “It is now the question of how fully committing to the use of the data they touch every day on the market gain insight and market positioning,” said Mark Gorman, Principal of Mark B. Gorman & Associates LLC. “The ride shorten expand cooperation between provider organizations, to provide the functional flexibility to streamline implementation and integration, and the time is clearly in the case of the trend of the future. Millbrook and Valen, the wave.”
says David West, insurance expert: “In this competitive market, success depends not only on the data, but on what you do with the data, the joint solution offering from Valen and Millbrook provides insurers with a turnkey solution. contains the data and the analysis necessary to turn data into useful information and this combination translates competitive advantage. “
About Millbrook Incorporated:
Millbrook founded and is staffed by insurance professionals. Millbrook’s employees have extensive experience in a wide range of disciplines within the insurance industry and in the practice of Business Intelligence and Data Services. For over a decade Millbrook’s focus has been providing information solutions to the P & C industry. It is this unique industry competence and focus on the Millbrook’s leading provider of information solutions and services are now possible on the market.
Millbrook recognizes that every business is unique. Each customer has their own needs, challenges, goals timeframes and budget. Millbrook solutions are open, extensible and tailored to your needs. We know one size does not fit all and we will not “squeeze” you in a given field. Rather, we match your needs. The same applies to our approach to services. Millbrook experts can either “cradle to grave” strategic provide services or complete your project team in a tactical fashion.
insurers ensure success for all of their data and business intelligence needs with Millbrook.
More information about Millbrook can be found http://www.millbrookinc.com.
About Valen Technologies Incorporated:
Valen Technologies is the specialist in turnkey predictive analytics for the property and casualty insurance industry, offering highly automated predictive analytics solutions to create and deploy predictive models. Valen helps its customers improve decision making by using predictive analytics in the decision process. To see more about predictive modeling and Valen Technologies, or call 800-280-3304 http://www.valen.com.
MEDIA CONTACT
Jeff MacMurray
Millbrook Incorporated
(603) 357-5961
jmacmurray@millbrookinc.com
Susan Douglas
Solo Mark Associates
(847) 895-2634
sm_douglas@solomark.com
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