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FAQHow much does the Valen solution cost?What is Valen's pricing structure? What is Valen's experience level with predictive analytics? What is the background of Valen's employees? What is the typical length of an engagement?
How much does the Valen solution cost?Valen's solution begins at about $250,000, but varies broadly depending on the application, amount of data and deployment option. Valen's customers have found there is a very high return on investment (ROI) on their predictive analytics initiatives. What is Valen's pricing structure?Valen charges an annual subscription for use of its software as a service and for professional services fees, which are typically associated with the initial implementation. What is Valen's experience level with predictive analytics?Valen has built over 20 production predictive models for its clients spanning marketing and distribution, risk selection, pricing indication, tier placement, schedule rating, loss prevention and premium audit. These models have been deployed in both the property and casualty insurance industry and the transportation industry. What is the background of Valen's employees?Before joining Valen, our employees served in capacities including risk managers, actuarial analysts, underwriters, engineers and statisticians. Valen's professional services and engineering teams include a diverse group of experts with 140 years combined experience with data/databases, 90 years of combined experience in project management/consulting, 75 years combined quantitative experience, and 70 years combined experience in the insurance industry. Our team comes from a variety of companies, including Zurich, Allstate, AIG, Accenture, IBM, PriceWaterhouse Coopers, Milliman, Mercer Oliver Wyman (MOW), HNC/Fair Isaac, Great West, Peoplesoft, US Bank, Citibank, Quantlabs, E.piphany and Narex to name a few. What is the typical length of an engagement?5 to 12 months as follows: |
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