Valen and Tropics Team Up to Offer Predictive Analytics

Valen Technologies and Tropics Software Technologies announced on Tuesday that they formed a partnership to provide Tropics customers with the ability to integrate Valen’s InsureRight predictive analytics product into the Tropics policy and claims administration suite.Valen and Tropics said the product offering allows underwriters to score policies on two fronts. First, carriers can identify risks for new and renewed policies and price according to risk in order to improve loss ratio performance. Second, they can identify policies that are likely misclassified and provide agents and unde...