Zurich Insurance Group picks EagleEye software for analytics initiative

EagleEye Analytics has been selected by Zurich Insurance Company Ltd. to conduct a 14-month trial of its Talon Predictive Analytics System for Zurich’s global advanced analytics initiative.

In an earlier Proof of Concept project, EagleEye said it worked with Zurich modelers in Brazil and Italy to prove the superiority EagleEye’s machine learning algorithms and analytics methodologies, as well as the usability of the Talon Predictive Analytics System, according to a press release.

“We’re honored to have been awarded this contract through Zurich’s rigorous process, and to be a part of a global effort that will demonstrate the applicability of the Talon predictive analytics system to property and casualty books in markets around the world,” said Wade Bontrager, EagleEye CEO. “While every market is different, the power of data to deliver predictive insights is the same everywhere, and Zurich is a leader in maximizing this power.”

The value of the contract was not disclosed.

Developed by actuaries and data scientists, the Talon insurance-data aware machine learning software produces real-time scoring to inform decisions in claims management, pricing and underwriting, marketing and distribution. EagleEye Analytics is backed by FirstMark Capital in New York.

Zurich is a multi-line insurer that serves its customers in global and local markets. With more than 55,000 employees, it provides a range of general insurance and life insurance products and services to customers in 170 countries.

 

See the article from Columbia Regional Business Report.

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