EagleEye Analytics Announces Strategic Alliance With Milliman
September 29, 2008
COLUMBIA, SC – September 29, 2008 – EagleEye Analytics, an insurance solutions company that provides predictive analytics and information services to the property and casualty insurance industry, announced today that it has formed a strategic alliance with Milliman, Inc., the international firm of consultants and actuaries, to offer customers the latest in insurance predictive analytics offerings.
Milliman entered this strategic alliance because EagleEye Analytics’ state-of-the-art solutions offer us the ability to do more for our clients, said Nancy Watkins, a principal and consulting actuary with the property and casualty practice in the San Francisco office of Milliman. Our skill sets are complementary, enabling us to deliver comprehensive and powerful predictive analytics offerings to the insurance marketplace, Watkins added.
We are honored to participate in a strategic alliance with the most renowned actuarial and consulting firm in the world. Milliman’s insurance expertise, creative thinking, and innovative tools, coupled with EagleEye Analytics’ cutting edge predictive analytics solutions, make for the perfect match, said Terry R. Wade, president and chief executive officer of EagleEye Analytics. Together, we provide the insurance industry with a real opportunity to achieve sustained growth and greater profitability.
EagleEye Analytics’ Insight is a web-based, easy to use predictive analytics solution that uses advanced machine learning technologies to identify risk characteristics that relate to profitability. Insight’s results are intuitive and highly actionable, enabling property and casualty insurers to rapidly take actions that result in lower loss ratios and higher underwriting profits.
Providing the insurance industry with new knowledge is the keystone of the relationship between Milliman and EagleEye Analytics. The strategic alliance presents the definitive road map to more profitable pricing, intelligent underwriting, and effective marketing for property and casualty insurers across all lines of business.
About Milliman
Milliman is among the world’s largest independent actuarial and consulting firms. Founded in Seattle in 1947 as Milliman & Robertson, the company currently has 48 offices in key locations worldwide. Milliman employs over two thousand people, with a professional staff of more than a thousand qualified consultants and actuaries, including specialists ranging from clinicians to economists. The firm has consulting practices in healthcare, employee benefits, property & casualty insurance, life insurance and financial services. Milliman serves the full spectrum of business, financial, government, union, education and nonprofit organizations. For further information, visit www.milliman.com .
About EagleEye Analytics
EagleEye Analytics is an insurance solutions company that provides predictive analytics and data information services. EagleEye Analytics enables insurance companies to achieve underwriting excellence, improved growth, and greater profitability by optimizing their risk selection and pricing. EagleEye Analytics was recently included as one of six companies in Beyond the Traditional Short List: Up and Coming Property and Casualty Insurance Technology Firms Class of 2008 a report by Financial Insights, an IDC company. For more information, visit www.eeanalytics.com .
