Agencyport, Valen Partner for Predictive Analytics

Boston-based Agencyport Software (formerly Sword Insurance) has partnered with Denver-based Valen Technologies to incorporate the latter's InsureRight predictive analytics platform with the former's AgencyPortal.

Due to the partnership, agents and underwriters will more quickly be able to identify the risks associated with any new book of business, according to a release. Underwriters will also be able to quickly determine whether policies have been misclassified, providing 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,” Michael McCurley, SVP of global sales for Agencyport, says in a statement. “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.”

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