Donegal Insurance Group has selected Valen Technologies' InsureRight product as a predictive analytics solutions for workers' compensation insurers.
Valen CEO Dax Craig said: "InsureRight will help Donegal's underwriters make more informed decisions, in advance of formalizing our relationship."
According to Valen, the solution will help the insurance carrier in identifying the risks for new and renewed policies and price according to risk to help improve loss ratio performance.
InsureRight will also enable the agents and underwriters to take corrective actions on new or renewal policies that are likely to have misclassified exposure prior to offering final pricing.
Donegal Insurance Group vice president and chief actuary Chet Szczepanski said the company is selective about its vendor relationships and like the collaborative approach Valen uses in working with their clients.
"Valen provides strategic tools we can incorporate into our core underwriting processes for the long-term," Szczepanski added.
Donegal Group is an insurance holding company whose subsidiaries offer property and casualty insurance through independent agents in various regions within the US.