COLUMBIA, S.C., Aug. 25, 2015 (GLOBE NEWSWIRE) -- EagleEye Analytics, provider of the most advanced machine learning predictive analytics technology for insurance, has been selected by Zurich Insurance Company Ltd. to conduct a 14 month trial of EagleEye’s Talon Predictive Analytics System for its global advanced analytics initiative.
In an earlier Proof of Concept project, EagleEye worked with Zurich modelers in Brazil and Italy to prove the superiority of EagleEye’s machine learning algorithms and analytics methodologies, as well as the usability of the Talon Predictive Analytics System.
“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,” says 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.”
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 Americas, Europe, Canada, Africa 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
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About Zurich
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With more than 55,000 employees, it provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.