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MapPro
| Market Analysis Program
MapPro is easy to use and it’s infinite expandability allows insurance companies to revert the amount of time spent on data acquisition and data entry to providing true analysis of an insurance company’s competitive position in their desired markets. Evolving since 1993, MapPro is the first of its kind; it contains a robust list of rate sets (almost 20,000) for Automobile and Homeowner Insurance (HO3, HO4, HO6, and DF) in all 50 States plus D.C. MapPro is currently in use by most of the country's leading independent, captive and direct writer carriers.
MapPro delivers information on a granular level as needed. It incorporates all aspects of a quoting scenario which can include detailed information such as base rates, factors, order of calculation, pay plans, discounts, surcharges, group discounts, company specific endorsements, credits, coverages and other variables pertinent to the rating process. MapPro comparatively handles over 30 company-specific driver assignment methods, company specific territory alignment, and company-specific credit alignment.
Ultimately, MapPro enables our customers to significantly decrease their market analysis costs, while quickly allowing pricing departments and actuaries to competitively price business and maximize revenues and overall profitability.
MapPro |
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The most comprehensive and accurate
rating and rules-based analytics resource ever created!
Who's it for?
Actuaries
Pricing Analysts
Product Managers
What does it Do?
A batch rating tool, enables you to analyze any variation of your pricing structure along with that of your competitors. MapPro's reports provide a detailed snapshot of a carrier's competitive position.
What's the Business Problem?
Inability to Perform Timely and Accurate Competitive Analysis
Inability to Accurately Assess Risk (Credit Alignment)
Inability to Accurately Compare Driver Assignment
What's the Pain?
Cost associated with Time and Labor
Uninformed Decisions, Lack of Granular Data
Lost Profitability / Growth / Market Share
Difficult Credit Calculation
What are you doing Today?
Performing Manual Competitive Analysis
What are the Solution Benefits?
Improves Competitive Posture, Reduces Time and Costs, Automates Credit Calculation, Automates Driver Assignment, Better, Faster, Decisions, Accelerates Market Growth, Decreases Market Analysis Costs, Assess Competitive Vulnerability, Identify Under-Priced Segments.
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