InSight
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.
Accuracy - InsurQuote has invested more than 20 years and significant amounts of resources into ensuring data quality. InsurQuote continues to focus on the quality of the data everyday as this is the most critical component behind the value proposition. InsurQuote utilizes a multitude of validation methods and procedures which in part consist of code reviews and test cases. InsurQuote has developed a powerful, modular rating technology that is used by many top auto insurance companies on a daily basis. With hundreds of thousands of quotes being run each month, our rates are exercised and tested on an exceptional level in the industry.
Coverage - InSight is a nationwide system, eliminating the need for individual state or regional tools. InsurQuote currently maintains insurance plans in 48 states, comprised of the top direct and agency carriers, including State Farm, Allstate, Farmers, Progressive, Nationwide, Travelers, GEICO, and many others. Rating plans cover the full risk spectrum from non-standard to preferred.
Timeliness - InSight gives you access to the most current information available. InsurQuote sends updates twice a month to keep you up on constantly changing rates. Many of the carriers send their data directly to InsurQuote, as well as collaborate with us on testing and rate verification. For those carriers who do not cooperate with us we have partnered with researchers in each state to obtain those rates.
- 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
