“Making Predictive Analytics Operational for Underwriting” Offered Dec. 6
LEXINGTON, MA, November 27, 2007 – FirstBest® Systems, Inc., developer of advanced Underwriting Management Systems™ (UMS) that enable commercial insurance carriers to better profit from underwriting, and its technology partner Valen Technologies, experts in predictive analytics for the commercial insurance industry, today announced a joint Webinar.
WHAT: “Making Predictive Analytics Operational forUnderwriting”, a free Webinar from FirstBest Systems and Valen Technologies, will discuss how property and casualty insurers can increase profitability in a softening market. By using predictive analytics in conjunction with next-generation underwriting management systems, underwriters can achieve greater granularity in their customer segmentation and implement precision pricing strategies.
WHEN: December 6, 2007, 1:00PM Eastern. Register here.
WHY: Attendees will learn how to achieve real-time, operational predictive analytics. By implementing the FirstBest UMS™ in conjunction with Valen’s predictive analytics solution, carriers can:
- Match premium to risk
- Credit only those risks truly worth chasing in a soft market
- Avoid adverse selection
- Unlock underwriting decision data
About FirstBest Systems
Founded in 2006, FirstBest® Systems, Inc. delivers advanced Underwriting Management Systems™ (UMS) that enable commercial insurance carriers to profit from better underwriting. FirstBest’s UMS™ is a web-based business solution for underwriting all commercial lines of business. It delivers automation for straight-through processing and exception-based underwriting, real-time collaboration, knowledge management, a management dashboard, and an execution platform for predictive modeling – in one integrated solution. The UMS deployment results in increased profitability, improved ease of doing business, management visibility into the underwriting process, and the continuous capturing and sharing of underwriting best practices. For more information, please visit www.firstbest.com or call us at 888.863.6095.
About Valen Technologies
Valen Technologies is the expert in predictive analytics for the property and casualty insurance industry. Valen delivers a highly automated solution to validate and enrich data, create and deploy predictive models, develop reports and monitor the models in production. Valen helps its customers improve core business decisions to ultimately increase profitability. To learn more about predictive modeling and Valen Technologies, visit www.valentechnologies.com or call 800-280-3304.
Press contacts:
Meira Primes
FirstBest Systems
781.863.6005
primes@firstbest.com
Jorna Julien
Valen Technologies
303-350-3736
jorna.julien@valentechnologies.com