EagleEye Analytics Talon® Utilized by Atlas Financial Holdings to Improve Claims Triage

COLUMBIA, S.C., Feb. 15, 2016 -- EagleEye Analytics, the leading predictive analytics technology provider for the insurance industry, today announced an expansion of its existing partnership with Atlas Financial Holdings, Inc. (“Atlas”) (NASDAQ:AFH) to provide advanced predictive analytics for Atlas’ claims. The company initially entered into a long-term services agreement with Atlas in February 2015 to provide its machine learning predictive analytics suite, Talon®.

Following a successful Talon® Profitability Suite deployment throughout 2015, Atlas will now utilize the Talon Claims Suite to apply the power of predictive analytics to Bodily Injury and PIP claims in their “light” commercial auto line.

“Since last year’s Talon Profitability Suite deployment, we have been very impressed with the power of the software and the incremental insights machine-learning driven predictive models can deliver,” commented Scott D. Wollney, Atlas’ President and CEO. “The best way to reduce the cost of insurance to our customers without compromising target margins is by controlling claims expense and increasing efficiency. As a customer-centric organization, we believe that applying advanced analytics to our claims data will help us more quickly allocate the right resources to the right claims, drive better outcomes for our clients and reduce expenses. We will also expect to see improvements in the speed of claims handling, ultimately leading to higher claimant satisfaction. This technology will enhance our already strong value proposition based on decades of experience in our specialty niche and add an incremental level of efficiency.”

“We commend Atlas on their expansion of advanced analytics and predictive modeling across multiple functions. Our analytics tool leverages the significant amount of niche-specific data that Atlas has to optimize efficiency and the customer experience,” said Wade Bontrager, CEO of EagleEye Analytics. “For any company focused on bottom line execution, applying the insights gained from predictive analytics to claims as well as pricing and underwriting can deliver significant improvements in customer service, top line revenue, loss ratio and operating efficiency.”

About EagleEye Analytics

EagleEye Analytics offers the most advanced predictive analytics system 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 United States, Europe, Canada 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. For more information, visit eeanalytics.com.

About Atlas

The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the "light" commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its subsidiaries American Country Insurance Company, American Service Insurance Company, Inc., Gateway Insurance Company, Global Liberty Insurance Company of New York, Anchor Holdings Group, Inc., Anchor Group Management, Inc., and Plainview Premium Finance Company, Inc. Atlas' insurance subsidiaries have decades of experience with a commitment to always being an industry leader in these specialized areas of insurance. For more information about Atlas, please visit www.atlas-fin.com.

Forward Looking Statements

This release includes forward-looking statements regarding Atlas and its insurance subsidiaries and businesses. Such statements are based on the current expectations of the management of each entity. The words "anticipate", "expect", "believe", "may", "should", "estimate", "project", "outlook", "forecast" or similar words are used to identify such forward looking information. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Companies, including risks regarding the insurance industry, economic factors and the equity markets generally and the risk factors discussed in the “Risk Factors” section of the Company's 2014 Form 10-K. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Atlas and its subsidiaries undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Contact:
Helene Goldson 
803.726.7208
[email protected]