Albuquerque, N.M.-based workers' compensation carrier New Mexico Mutual will use Denver-based Valen Technologies' AuditRight to identify policies with the greatest risk of premium deviation.
The companies previously have implemented together Valen's UnderRight to effectively price risk. Both are software-as-a-service based predictive analytics products.
“Given our early experience with UnderRight, expanding our use of Valen’s solutions with the addition of AuditRight was a logical next step," says Lou Volk, COO of New Mexico Mutual. "We anticipate that AuditRight will better enable us to identify those policies with the highest likelihood of additional premium recovery as well as those appropriate for premium return to our policyholders."
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