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UBIC Selects Valen Analytics to Improve Underwriting Processes and Business Agility

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Utah-based Workers' Compensation Insurer will leverage Valen's
InsureRight Platform to Bolster Risk Selection and Pricing

Valen
Analytics
®, an Insurity company, and provider of proprietary data,
analytics and predictive modeling for P/C insurers, today announced that
workers' compensation insurer, Utah
Business Insurance Co.
(UBIC), selected their InsureRight® Platform
to modernize underwriting capabilities. UBIC will utilize the Predict application
of Valen's platform to provide underwriters with increased visibility in
risk selection and pricing, allowing them to make improved policy
decisions with more efficiency.

"As a growing workers' compensation company, it is imperative that UBIC
be in the forefront of InsurTech," said Ron Nielsen, CEO of UBIC. "We
chose Valen as our partner because we believe Valen Analytics'
principles align with our own. It will help us to achieve profitable
growth, and to avoid the pitfalls of traditional class underwriting."

Valen's predictive model, built on the InsureRight Platform, will enable
the insurer to increase profitability, improve bind ratios, and target
new business opportunities. The platform is powered by Valen's
contributory database, representing the most robust purpose-built data
consortium for predictive analytics.

"UBIC selected Valen Analytics as our predictive model provider because
of their industry experience, knowledge, and customer service," said
Tyler Nielsen, Vice President of Operations at UBIC. "Using our
customized predictive model will further improve our underwriting
process by helping UBIC to more quickly and accurately respond to our
customers' needs."

"Workers' Compensation remains a highly competitive line that requires
insurers to innovate their underwriting processes to maintain and grow
profitability," said Dax Craig, CEO of Valen Analytics. "By providing
analytically-driven tools to their underwriters, UBIC is in an excellent
position to adequately price the policies that suit their risk appetite."

For more information on Valen Analytics' InsureRight Platform, visit www.valen.com.

About Utah Business Insurance Company (UBIC)

UBIC is committed to providing a long-term stable solution for workers'
compensation insurance. Solutions include much more than just providing
insurance. We also focus on safety, training, and personalized service.
We strive to maximize value, promote safety, and provide education to
our customers and their employees. Founded by business professionals and
friends, we seek to better the insurance environment by offering
innovative products and participating actively in governmental affairs.
Learn more about UBIC at https://www.utahbic.com/.

About Valen Analytics

Valen Analytics, an Insurity company, provides proprietary data,
analytics and predictive modeling for property and casualty insurers. We
work with insurers who are actively looking to utilize modern approaches
to pricing, risk selection, claims triage, and premium fraud. Our
customers are focused on increasing competitive pressures, fighting
adverse selection with innovative solutions, and raising awareness for
the impending "experience gap" with initiatives such as Insurance
Careers Movement
. Our customers span many lines of business
including Homeowners, Personal Auto, Workers' Compensation, Commercial
Auto, Commercial Package, Commercial Property, and BOP. Learn more
about Valen at www.valen.com.

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