COLUMBIA, S.C., March 26, 2013 (GLOBE NEWSWIRE) -- EagleEye Analytics, the leading provider of advanced predictive analytics solutions to the property and casualty insurance industry, announced that it has expanded its services to Celina Insurance Group under a long-term services agreement. EagleEye will provide its predictive analytics solutions suite TalonTM, in addition to Real-Time Scoring Services, to Celina Insurance.
Celina Insurance Group, which has been a client of EagleEye since 2011, plans to leverage the firm's solutions, expanding its predictive analytics capabilities to include real-time predictive analytics insights into its management reporting and decision support systems. In addition, Celina Insurance plans to utilize EagleEye's Talon Management Studio – a set of management tools and dashboards – to monitor the output of predictive analytics results. EagleEye's robust machine learning technology provides a level of precision and ease-of-use that is critical for the successful operation of the insurance company.
"Strong predictive analytics capabilities, once nice-to-have, are now a critical capability for a company of our size. We are continuously looking to apply the best solutions to our business, and EagleEye's Talon Analytical Platform, using the most advanced technology, provides a distinct advantage, helping us to identify uniquely profitable customers and markets so that we can apply the right strategies to target and retain that business," said Vince Franz, Vice President and Chief Actuary of Celina Insurance Group.
"Ease of use, and speed of delivery were critical factors for us in selecting a partner," explained Franz. "It was important for us to engage all areas of the company in using predictive analytics to enhance performance. The use of predictive analytics in our agency management, for example, is a great opportunity for us to maximize distribution. With EagleEye, we can review policy scores for individual agents, identifying those that are bringing in profitable business, and alternatively, developing strategies to partner with our agents to improve the quality of new business."
"We are delighted to partner with Celina Insurance Group, and our solutions suite is a good fit for all its lines of business, particularly as it continues to enhance its market position," said Doug McCracken, Senior Vice President, Sales and Marketing, EagleEye Analytics. "Using Talon, Celina Insurance can pinpoint areas of profitability, down to specific geographies, markets and agents. This granularity and focus on real-time decision making is useful for not only leveraging analytics to appoint and guide agents, but also in analyzing and reporting on the health of the business to management, insurance rating organizations, and others."
About Celina Insurance Group
Founded in 1914, Celina Insurance Group is comprised of four mutual property and casualty insurance companies. Celina underwrites auto, non-standard auto, farm, home, commercial auto and property insurance, as well as umbrella and casualty coverage in seven Midwestern states. Celina Insurance Group is represented by some 500 independent agencies and employs 166 people. For more information, visit, Celina Insurance Group's website at www.celinainsurance.com.
About EagleEye Analytics
EagleEye offers state-of-the-art machine learning software, a real-time scoring service, and premier predictive analytics consulting customized for the unique requirements of the insurance industry. EagleEye's customers achieve quantifiable and meaningful results by applying modern predictive analytics across four insurance business processes – prospecting new customers, onboarding new customers, managing existing customers and managing claims. The firm's solutions have proven to give the best predictive results in over 160 engagements. A privately held company, EagleEye Analytics is backed by FirstMark Capital in New York. For more information, visit, EagleEye Analytics' website at www.eeanalytics.com.
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Source: EagleEye Analytics