Industry Insight for Insurers

 
Industry Insight for Insurers
Fact Sheet

Industry Insight provides insurers with insight into an industry’s business environment, insurance pricing, losses, and exposure data on existing, new, and prospective clients.

Industry Insight Insurer Benefits

Industry Insight enables insurers to:

• Maximize growth
• Differentiate with expertise
• Understand industry issues

Grow your market share in niche industries by gaining expert specialist knowledge which is beneficial for roles including:

Pricing & Ratemaking Benefits

Improve profitability.

• Follow evolving trends in risk and exposure and adjust rates
• Stay current on industry milestones/events and how they affect your book
• Know how your competition is operating in this industry

Product Development Benefits

Grow your business.

• Understand how sub-industries differ from the industry
• Follow evolving trends in risk and exposure and modify your products
• Know when the competition has modified their products and the impact

Marketing & Distribution Benefits

Increase competitiveness.

• Establish thought leadership among broker community
• Establish brand reputation with clients
• Maintain and sharpen expertise

Business Development Benefits

Prospecting

• Spotting opportunities to prospect
• Proactively engaging with prospects on current industry topics
• Prospect more effectively by identifying industry challenges to solve

Differentiation

Build expertise in vertical markets by knowing and understanding your client’s industry exposure, loss trends, and insurance purchasing trends.

Research Department Benefits

Efficiency

• Reduce demand on research staff through outsourced information
• Produce industry-ready materials faster and lower servicing cost

Why Industry Insight?

 
Zip Code Distribution of Companies Named in Federal Dockets

Industry Trends

What are current rates and purchasing patterns in the insurance market?
What type of losses and severity have comparable peers experienced?
What are the evolving business strategies in a particular industry?
What is the state of regulation in my industry?
How do I access industry focused researchers?

Risk Profile

What are the high-level business exposures my industry experiences?
What is the trend of my industry's exposures?
What are the comparable financial strength and growth rates of my industry vs. financial market indices?
How do I create target lists to prospect?

Industry News

What are the top issues facing my industry?
How do I proactively engage with my clients on their industry's leading issues?
How do I prospect for new clients based on the latest developments in their industry?

Industry Insight Data & Delivery Methods

Learn about the data included in Industry Insight as well as the various delivery methods.