EagleEye Analytics Enters into Services Agreement with Atlas Financial Holdings To Provide Predictive Analytics Solutions
Commercial Auto Insurer Intends to Outperform Commercial Auto Loss Ratios
COLUMBIA, S.C., Feb. 17, 2015 /PRNewswire/ -- EagleEye Analytics, the leading predictive analytics technology provider for the insurance industry, announced that it has entered into a long-term services agreement with specialty commercial transportation insurer Atlas Financial Holdings, Inc. ("Atlas") (NASDAQ: AFH). EagleEye will provide its machine learning predictive analytics suite, Talon®, to Atlas, providing an important tool to help continue its profitable growth in the specialty "light" commercial auto insurance space.
"Atlas is a highly specialized operation, with sophisticated underwriting and claims handling supported by substantial data," commented Scott D. Wollney, Atlas' President and CEO. "We are excited to utilize EagleEye's sophisticated analytics platform to leverage the information and expertise within our organization with the objective of always outperforming the industry across market cycles."
"Atlas already has a well-established culture of data-driven decision making," said Wade Bontrager, CEO, EagleEye Analytics. "We look forward to contributing to the acceleration of Atlas' profitable market growth and sustainability."
About EagleEye Analytics
EagleEye Analytics offers the most advanced predictive analytics software available today. Developed by actuaries and data scientists with long careers in insurance, Talon® insurance-data aware machine learning produces real-time scoring to inform decisions in claims management, pricing and underwriting, marketing and distribution. More than 200 engagements in the United States, Europe, Canada and Australia have proven Talon delivers the best predictive results. EagleEye is headquartered in Columbia, SC, USA and has a subsidiary in London, UK. A privately held company, EagleEye Analytics is backed by FirstMark Capital in New York. For more information, visit eeanalytics.com.
About Atlas
The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the "light" commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its insurance subsidiaries American Country Insurance Company, American Service Insurance Company, Inc. and Gateway Insurance Company. Atlas' insurance subsidiaries have decades of experience with a commitment to always being an industry leader in these specialized areas of insurance. For more information about Atlas, please visit www.atlas-fin.com.
Forward Looking Statements
This release includes forward-looking statements regarding Atlas and its insurance subsidiaries and businesses. Such statements are based on the current expectations of the management of each entity. The words "anticipate", "expect", "believe", "may", "should", "estimate", "project", "outlook", "forecast" or similar words are used to identify such forward looking information. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Companies, including risks regarding the insurance industry, economic factors and the equity markets generally and the risk factors discussed in the "Risk Factors" section of the Company's 2013 Form 10-K. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Atlas and its subsidiaries undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Contact: Helene Goldson
803.726.7208
[email protected]
SOURCE EagleEye Analytics
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