Benefits
- 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
Get it now: For more information about LexisNexis® Insight®, call 800.869.0751.
Features
LexisNexis 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
In addition, InSight provides accuracy, comprehensive coverage and timeliness.
Accuracy
LexisNexis Risk Solutions has invested more than 20 years and significant amounts of resources into ensuring data quality. It continues to focus on the quality of the data everyday as this is the most critical component behind the value proposition. InSight utilizes a multitude of validation methods and procedures which in part consist of code reviews and test cases. It 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
LexisNexis InSight is a nationwide system, eliminating the need for individual state or regional tools. It 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
LexisNexis InSight gives you access to the most current information available. It sends updates twice a month to keep you up on constantly changing rates. The majority of the carriers send their data directly to InSight, as well as collaborate with us on testing and rate verification. For those carriers who do not cooperate with us, we have aligned with researchers in each state to obtain those rates.
Get it now: For more information about LexisNexis® Insight®, call 800.869.0751.