ADVISORY, June 4, 2006 (PRIMEZONE) --
Who: Valen Technologies, the experts in predictive analytics for the insurance industry, today announced that West Bend Mutual Insurance, a provider of property and casualty insurance, has selected Valen's predictive analytics solution as a means to pricing risk more effectively, decreasing loss ratios and to ultimately increasing market share. Valen Technologies and West Bend Mutual will be presenting on a technology panel at the 2006 IASA Annual Conference in Boston. What: Richard Vlasimsky, co-founder and CTO of Valen Technologies and Tom Holman, director of commercial product management, West Bend Mutual Insurance Co., will be co-presenting on Technology Session 273. Their presentation will explore ways in which data mining, analytics and predictive modeling technology has gained a greater presence in the insurance industry over the past few years. The session will cover how carriers can validate, test and monitor the technology to ensure underwriting accuracy. Where: Hynes Convention Center Boston, MA When: Monday, June 5 3:30 p.m. - 5:00 p.m. ET