COLUMBIA, S.C., April 10, 2013 (GLOBE NEWSWIRE) -- Johnson & Johnson, Inc., a leading Managing General Agent (MGA) with a long history in personal and commercial insurance, has engaged EagleEye Analytics to provide a comprehensive predictive analytics solution, including its Talon Analysis Studio and business intelligence tools for monitoring analytics output and results.
Johnson & Johnson, which specializes in coastal personal property insurance, was seeking a solution that would provide a level of granularity it did not previously have in-house. The MGA plans to implement EagleEye's platform to closely monitor the performance of its business, particularly in areas that are ancillary to its core coastal insurance business. The predictive analytics insights from EagleEye's software and reporting tools will enable the company to take the right actions to optimize its business performance.
"We selected the EagleEye solution suite to better understand the business we write, price it more optimally, and monitor the performance of our portfolio for our company partners," explained Harry Johnson, Chief Operations Officer, Johnson & Johnson, Inc. "We find it advantageous to share these insights with our carriers."
"Predictive analytics provides tremendous opportunities for MGAs to underwrite and price their businesses with greater precision," said Doug McCracken, Senior Vice President, Sales and Marketing, EagleEye Analytics. "Utilizing EagleEye's technology will give Johnson & Johnson a direct line of sight to which business is good business, and which business requires improvement to meet targets. Armed with this understanding based on predictive analytics, allows Johnson & Johnson to develop better products and share more specific information to carrier Program Managers."
About Johnson & Johnson Inc.
Founded in 1930, Johnson & Johnson, a family owned and operated business, has the experience of the past with a vision for the future. Its business is built on a foundation of long-term relationships with agents and companies. Johnson & Johnson is a technology and service driven sales organization committed to writing business with its agency partners. For more information visit Johnson & Johnson's website at www.jjins.com.
About EagleEye Analytics
EagleEye offers state-of-the-art machine learning software, a business intelligence reporting suite, 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.
The EagleEye Analytics logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17338
CONTACT: Sarah Lloyd (803) 726-7208 email@example.com
Source: EagleEye Analytics