LexisNexis InsurQuote Rate Analyst
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Be Confident in the Accuracy of Your Rating Strategies
LexisNexis® InsurQuote® Rate Analyst helps carriers accurately gauge competitive position of a rate change before implementing in the market.
InsurQuote Rate Analyst for Competitive Intelligence
LexisNexis® InsurQuote® Rate Analyst helps carriers accurately gauge competitive position of a rate change before implementing in the market.
Rate Analyst is a software tool that integrates with LexisNexis® InsurQuote® to help carriers create fully-flexible, proposed rates and factors and accurately gauge competitive position of a rate change before implementing in the market.
With Rate Analyst, insurance carriers can:- Design new rate programs in existing or new markets.
- Compare new rate programs against current rates to perform a disruption analysis on their current book.
- Compare proposed rates to each other and to competitors to measure the expected change on competitive position.
- Reduce potential for your book to be adversely selected against.
- What if” Analysis: Perform “what if” analyses where proposed rates and factors can be tested and analyzed in rate comparisons.
- Ease of Use: Allow non-technical individuals to efficiently create and analyze new territories, tables and rating variables, and integrate into your product development, pricing and competitive analysis processes.
- Integration: Seamlessly export proposed rates to InsurQuote to analyze disruption to your book and the impact on your competitive position.
- Flexibility: Intuitive and flexible enough to allow modeling complex rate algorithms with different views of new rates and factors.
More Information
LexisNexis® InsurQuote® Rate Analyst
The InsurQuote services are not provided by “consumer reporting agencies,” as that term is defined in the Fair Credit Reporting Act (15 U.S.C. § 1681, et seq.) (“FCRA”) and do not
constitute “consumer reports,” as that term is defined in the FCRA. Accordingly, the InsurQuote service may not be used in whole or in part as a factor in determining eligibility for credit, insurance, employment or another purpose in connection with which a consumer report may be used under the FCRA. Due to the nature of the origin of public record information, the public records and commercially available data sources used in reports may contain errors. Source data is sometimes reported or entered inaccurately, processed poorly or incorrectly, and is generally not free from defect. This product or service aggregates and reports data, as provided by the public records and commercially available data sources, and is not the source of the data, nor is it a comprehensive compilation of the data. Before relying on any data, it should be independently verified.