How Insurity's Acquisition of Valen Could Create a Virtuous Analytics Circle
26 January 2017
It’s open season on insurance technology acquisitions in general, and for Insurity in particular. Today’s announcement of Insurity’s acquisition of Valen Analytics
is now Insurity’s fourth acquisition in a multi-year string: Oceanwide, Tropics, and in rapid succession Systema and Valen. The potential for crossing selling among the five customer bases is obvious. Less obvious, but of potentially even greater value, is Insurity’s ability to invite all of its insurer and other customers to use its Enterprise Data Solutions
IEV solution as the gateway to Valen’s contributory database and Valen’s InsureRight
analytic platform. Insurity now has the scale and the means to create a virtuous analytics circle: individual customers contributing a lot of data through IEV to Valens and receiving back analytic insights to feed into their pricing, underwriting, and claims operations. Good move.