Spend Your Time Making Better, More Informed Decisions

InSight is a sophisticated software rating tool designed for competitive analysis. InSight empowers insurance decision makers with the necessary data and tools to make better decisions. With a 32-bit Windows environment and the industry's only industrial strength rating engine, InSight revolutionizes the traditional methods of "batch rating".

InSight automates portions of the analysis process with tools such as:

• Policy import capability
• Credit rating level wizard
• Zip-to-Territory wizard
• Adapted Tiering
• Policy question Modifiers
• Market Reports integrated with MS ® Excel*
• Direct database output  
• Rate Order of Calculation and Factor Display
• Vehicle Database
• InSight SQL integration

By no longer having to worry about building rating engines representing the competition, along with the ability to rate large volumes of risks, you can focus on applying the Business Intelligence rather than creating it.  

The Industrial Strength Tool - With InSight, you can run hundreds of thousands of risks through any type of analysis. For example, if you need to run a relative territory price analysis, simply create and apply a territory modifier and quote the risk in every territory. Running the process creates the data, complete with all of your competitors, in mere minutes. InSight can run this type of modifier with any rating factor or combination of rating factors, quickly and accurately. InSight is extremely flexible to allow you to decide what to rate, what to modify, and what to output.

With the Advantage level of InSight you gain additional capabilities tailored to the "power user". The Advantage system of InSight offers you the valuable bridge capability, which allows you to import your entire book of business, including your agencies book, quickly and effortlessly. You will then be able to analyze key areas of your business that tie to the bottom line. These include new sales opportunity analysis, retention studies, and segmentation studies which feed into new product design.

• Increase profitability and stability of existing business

• Assess vulnerability to competitors

• Reduce response time

• Identify areas of under-pricing

• Improve effectiveness of proposed rates

• Identify a company's key pricing strengths

• Reduce potential for adverse selection

• Evaluate new states and markets to enter

• Conduct more thorough analysis at a lower cost per quote

Rate Analyst is a customized rating product dedicated to "what-if" analysis. It is used along with Insight to model a potential rate revision. Rate Analyst not only allows you to modify base rates, relativities, discounts, territories, split-zips, etc. but also allows you to redefine existing table structures within your algorithm. At any point in the process, revised rating structures are easily exported to InSight. Premium effect analysis is easily performed using current and proposed rates. Lastly, proposed rates can also be compared with competitor's rates.

Features and Requirements

Features

• 32-bit Microsoft® Windows* interface and rating engine procedures over 1500 quotes per minute
• Rate Order of Calculation and Factor display launches an electronic filing with all of the rating tables
• Credit Modeling functionality
• Adapted Tiering
• Updated weekly with the latest rate changes
• Exports information to any database or spreadsheet, including: Excel, Lotus, Access, Oracle, Quattro Pro, SAS, Crystal Reports
• Provides statistical summaries of each process as it runs
• Built-in report writing
• Imports existing policy holders or agency samples for real-time data comparisons (Advantage Version)
• Network ready for up to 40 concurrent users (Advantage Version)
• Toll-free customer support available M-F 8:00 - 6:00 MST

Rating Criteria

• Assigns Class Factors

• Automatically applies discounts and surcharges

• Handles rating guidelines - ineligible risks, submits for approval, and warnings

• Will rate in semi-annual or annual policy periods

• Symbol lookup from 1965 to current year

• Vehicle detail by VIN look-up or year, make, model, and body style

• Details on each vehicle to trim level

• Auto application of airbags, alarms, restraints, and other options.

• Handles split zips

• Territory Wizard - Maps zip codes to territory by company

• Option to select zips by city, county, and/or township

• Rename or group territories for analysis

*Microsoft is either a registered trademark or trademark of Microsoft Corporation in the United States and/or other countries.