Celina Insurance Group recognized as "Model Insurer" by research firm Celent
COLUMBIA, S.C., March 31, 2015 /PRNewswire/ -- EagleEye Analytics, the leading machine learning predictive analytics technology provider for insurance, congratulates its client Celina Insurance Group on being named a "Model Insurer" by Celent, a leading research and advisory firm. Now in its ninth year, the Celent Model Insurer Awards Program is designed to recognize organizations which demonstrate the year's top technology initiatives.
Recognized in the "Data Mastery and Analytics" category, Celent analysts selected Celina for mastering machine learning for predictive analytics. "With predictive analytics, we can segment our business much better, identify the profitable business in each segment, and deliver more value to our stakeholders," commented Vince Franz, Vice President and Chief Actuary at Celina. "Predictive analytics gives a small company like Celina a tremendous advantage."
The Celina case study included in Celent's report describes the insurer's vendor selection process as a model for other insurers to follow. After extensive review of numerous options, Celina selected EagleEye's Talon® Machine Learning Predictive Analytics software to give the company a competitive advantage in a complex environment.
"We're witnessing a sea-change in the insurance industry. Insurers are looking beyond traditional tools like the GLM to advanced analytics and machine learning in their efforts to get a competitive edge," says Wade Bontrager, EagleEye CEO. "Celina Insurance has firmly established itself well ahead of this curve."
Members of Celent's research services can download the report, Celent Model Insurer 2015: Case Studies of Effective Technology Use at: http://www.celent.com/reports/celent-model-insurer-2015-case-studies-effective-technology-use-insurance. Non-members should contact mailto:[email protected] for more information.
Celent's original case study describing Celina's machine learning initiative is available for download on EagleEye's website.
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. EEAnalytics.com
About Celina Insurance
Founded in 1914, Celina Insurance Group is composed 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 six Midwestern states. Celina Insurance Group is represented by some 500 independent agencies. Celinainsurance.com
Contact: Helene Goldson
803.726.7208
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SOURCE EagleEye Analytics
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