Briefs

Leading Actuarial Expert Supports Predictive Modeling From Valen Technologies

DENVER, CO -- (MARKET WIRE) -- 01/19/2005 -- Valen Technologies, a provider of predictive modeling and decision-enabling software for the insurance industry, today announced a partnership with Francis Analytics and Actuarial Data Mining Inc., an actuarial consulting firm that works with sophisticated data mining applications. Francis Analytics, founded by Louise Francis, enhances Valen's predictive modeling capability with over 20 years of experience and credibility in the actuarial profession.

"The insurance industry is changing rapidly, and predictive modeling technology is playing a major role in the underwriting process," said Ms. Francis, Consulting Principal of Francis Analytics and Actuarial Data Mining Inc. "Valen is dramatically changing the underwriting landscape, and insurance professionals must leverage this technology in order to competitively evaluate insurance risks."

Francis Analytics provides expertise in a variety of techniques for pricing and establishing insurance premiums. This partnership will combine Francis Analytics' prominent actuarial knowledge with Valen's predictive modeling expertise. Valen's Risk Manager predictive modeling software has demonstrated to help insurance carriers make better and more profitable individual risk assessments while having double-digit loss ratio reductions.

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