A 2004 white paper, written by a software development firm, detailed the comparative rating market and it’s impact on the ways insurance companies do business. In this abstract, the firm provided very detailed insights of what the future would hold with regards to comparatively rating a car, vacant property even a general liability risk . They could not have been more accurate .

In other words, Progressives insurance model was not accident !

Since that time many Managing General Agencies have proved that if you put into place a correctly designed software system then they can quickly rate multiple classifications across multiple carriers . Profit margins instantly swelled following this discovery due to the fact that retail agents could now visit one web portal and produce multiple quotes, effectively streamlining their work flow and maximizing their time.

The instant feedback allowed retail agents to lower operating costs, gain greater business agility, accelerate the closing of more business and improve the quality for the customer experience .

Rating multiple classifications across multiple carriers was a theory in 2004, today it’s the real deal .

Not only is it the standard but Wholesalers and retail agents have leveraged the comparative rating business model to enhance other product offerings . Artisan Comparative Raters led to General Liability Raters and that led to Commercial Auto Comparative Raters .

With this tried and proven tool any wholesaler, with the right carrier relationships, can comparatively rate virtually everything.

At Click2bind, we specialize in not only comparative raters, but also creating technology relationships with carriers so that, wholesalers can become part of the process and not consumed by the technology.

If your organization is interested in:

Faster Time to Market More Flexibility Within Your Business Model More Efficient Operating Costs Better XML Integration Increased Market Share

Contact Click2Bind

Where will your firm be tomorrow? It has been 6 years since the comparative business model began its ascent.

Don’t let technology pass you by.

Click This Link Comparative Rater

Or..Call Us 910-313-3362 - We’d enjoy the opportunity to talk with you.