LUBA Workers’ Comp Selects Insurity to Expand Its Use of Data Analytics

• This selection will help LUBA expand their use of predictive modeling, mitigate business risk, and embrace straight-through processing to provide faster underwriting to their agency partners

Insurity, a leading provider of cloud-based software for insurance carriers, brokers and MGAs has announced that LUBA Workers’ Comp has successfully implemented Insurity’s Valen Analytics solution. This new implementation will help LUBA expand their use of predictive modeling, mitigate business risk, and embrace straight-through processing (STP) to provide faster underwriting to their agency partners.

As one of the largest workers’ compensation providers in Louisiana, LUBA also provides coverage for businesses in Alabama, Arkansas, Mississippi, Oklahoma, Tennessee, and Texas. Most recently, LUBA has expanded into the Florida market through the acquisition of Florida-based casualty insurance carrier, FHM Insurance Company. LUBA has a longstanding history of steady and controlled growth through aggressive claims management, active loss prevention, and disciplined underwriting.

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“We are excited to be partnering with Insurity,” said Matt Whisenant, Vice President of Applied Analytics & Innovation at LUBA. “We believe in a hands-on underwriting approach, and this is an additional tool that will enable us to provide that. When working with our agency partners and policyholders we are always looking for ways to better assess risk and offer competitive pricing.”

“LUBA is a company very dedicated to their mission of customer service and delivering genuine dependability,” said Kirstin Marr, Head of Insurity Analytics. “We are pleased we were able to provide a product that leverages technology to advance that mission.”