Comparative raters: rebuild a competitor rate plan and price your book through it

Rebuild what a competitor charges, then price your book through it.

By hand this is weeks of an analyst’s time per competitor, and it still comes out roughly right. We rebuild the whole rater in days, run your own risks through it, and show you where you have room to move.

Every step on this list takes time except the one you were actually hired to do.

Rebuilt from the filings themselves.

Win share by segment, the premium distribution against each competitor, and the factor behind every gap. The study below was built out of 10,000+ pages of filings.

Every gap traces to the filing page that caused it, so the read still holds when somebody asks about it two quarters later.

The study below is illustrative. It is the real renderer on representative data rather than any customer’s book.

Finding the documents is the job we do first.

Our ingestion goes and finds the filings that matter, whether that is your own book, your S&P Capital IQ Pro license, or SERFF state by state.

Test our numbers against yours.

Most of our proofs of concept start with us quietly rebuilding a rater you already have, so you can put our numbers next to yours and see how close we get. Once you trust it on your own book, point it at your competitors.

SERFF

Rate and rule filings, 50 states

Searched by carrier, state and line. We pull the filings and parse the factor tables out of them, so you name a competitor rather than a document.

S&P Capital IQ Pro

SNL insurance data

Where you license it, statutory financials and market share read alongside the filings, so a rate position sits next to the book it was written on.

Your own book

Submissions, quotes, declines

What you turned down tells you more about the market than what you wrote, and none of it leaves your own tenant.