Consumers and carriers have conflicting objectives. Consumers want great coverage at a fair price while carriers desire an optimized portfolio based on actuarially sound and profitable rates. In today’s information age, consumers have unprecedented access to homeowners rates, so carriers must consider their market competitiveness when building optimized portfolios.
Rating Dynamics provides two solutions for carriers to gather insight into their market competitiveness: Market Analytics Portal (MAP) and Batch Rating. MAP is a readily available business intelligence platform providing rich visualizations on market competitiveness. By permitting carriers to provide their own policy data (or notional portfolio), our Batch Rating product can utilize the selected processing options to generate pricing data that supports their analytical objectives.
Rating Dynamics also provides a homeowners comparative rater for Florida independent agents. Compared to our competitors, our product places accurate quotes in the hands of the agent’s client in the shortest amount of time.