Bret Shroyer is the solutions architect at Valen Analytics, a provider of proprietary data, analytics and predictive modeling to help all insurance carriers manage and drive underwriting profitability. Bret identifies practical solutions for client success, identifying opportunities to bring tangible benefits from technical modeling. Bret uses his insurance industry and technical modeling expertise to bridge the gap that sometimes exists between statistical modelers and P&C actuaries and underwriting managers.
Bret joined Valen in 2014, bringing a breadth and depth of professional experience in actuarial analysis and financial modeling earned over his 20-year career as a P&C actuary and insurance professional.
Before joining Valen, Bret served as senior vice president, reinsurance, for Willis Re in Minneapolis. Bret led Willis Re’s predictive modeling practice and performed quantitative analysis and actuarial modeling in support of property and casualty reinsurance placements. Prior to this, Bret served in a variety of P&C insurance management roles, including actuarial and underwriting director positions at Travelers, and as an actuarial consultant with Deloitte.
Bret earned a BA in mathematics from the University of St. Thomas in St. Paul, MN. He is a fellow of the Casualty Actuarial Society.
I have some bad news. There are no longer any easy or obvious niches of sustained, guaranteed profits in insurance. In today’s environment of big data and analytics, all the easy wins are too quickly identified, targeted and brought back to par. If you’ve found a profitable niche, be aware that the rest of the […]
The property/casualty industry has been characterized by its market cycles since… well, forever. These cycles are multi-year affairs, where loss ratios rise and fall in step with rising and falling prices. In a hard market, as prices are rising, carriers are opportunistic and try to “make hay while the sun shines” – increasing prices wherever […]
The more things change, the more they stay the same. What remains constant are the fundamentals of what makes insurance a well-capitalized, reliable cornerstone of the U.S. economy. The basic model of assessing risk, collecting insurance premiums, investing and paying claims still works. What’s been completely upended is how carriers evaluate and acquire the best […]
There’s little doubt about the proven value in using predictive analytics for risk selection and pricing in P/C insurance. In fact, 56% of insurers at this year’s Valen Analytics Summit that are not currently using predictive analytics in underwriting plan to start within a year. However, many insurers haven’t spent enough energy planning exactly how […]
Bernard Marr is one of the big voices to pay attention to on the subject of big data. His recent piece “Big Data: The Predictions for 2015” is bold and thought-provoking. As a P&C actuary, I tend to look at everything through my insurance-colored glasses. So, of course, I immediately started thinking about the impact […]
Even if you’ve been hiding under a rock the past 25 years, it’s almost impossible to avoid hearing about how companies are turning around their results through better modeling or how new companies are entering into insurance using the power of predictive analytics. So now you’re ready to embrace what the 21st century has to […]