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New Mexico Mutual Selects Valen’s UnderRight Predictive Analytics Solution

24 Mar, 2010 WorkersCompensation.com

                               
Denver, CO (CompNewsNetwork) - Valen Technologies, Inc. today announced that New Mexico Mutual, the largest writer of workers' compensation insurance in New Mexico, has selected Valen's UnderRight ® predictive analytics solution.  By leveraging the power of Valen's predictive analytics, New Mexico Mutual will benefit from greater insight into their data for more efficient pricing to risk.  The implementation is already underway with an aggressive timeline to production.

Increasing their retention and expanding their workers' compensation market share are key New Mexico Mutual objectives.  As the company continues to identify and pursue profitable business segments, the Valen solution will enable them to identify the best growth opportunities and price them more competitively.

Lou Volk, Chief Business Officer  with New Mexico Mutual, commented, “In addition to the power of Valen's UnderRight solution and the predictive analytics expertise of the Valen team, their Software-as-a-Service (SaaS) solution delivery was also key to our decision.  Valen is well-known as the insurance industry's predictive analytics experts and their transparent approach to building our model enables us to fully understand the details of the model in order to effectively explain it to our underwriters and agents.”

Volk, added, “We are confident in Valen's ability to help us meet our ambitious goals.  We are impressed with their dedication and their ability to leverage our data to ensure we are maximizing the value of predictive analytics.”

“On behalf of the Valen team, I would like to thank New Mexico Mutual for choosing our UnderRight solution.  We look forward to working together to help New Mexico Mutual achieve its goals,” said Valen's CEO, Dax Craig.  

About New Mexico Mutual

New Mexico Mutual was created to stabilize the workers' compensation market by offering New Mexico employers affordable and competitive workers' compensation coverage.  Since its founding in 1991, New Mexico Mutual has become the largest provider of workers' compensation insurance in the state, insuring close to 30% of the insured company market in New Mexico. Insuring all types of business, with special attention to small and medium sized businesses, New Mexico Mutual enjoys a strong and loyal partnership with over 300 agents across the state and strives to provide access to quality, cost-effective workers' compensation insurance and services for our customers.

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