A software development company wrote an abstract in 2004 concerning comparative raters and the effect that this new software could have on the insurance industry . 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 .

Take my word for it, Progressive’s approach was no accident !

Since 2004 Managing General Agencies (MGAs) have discovered, if the system is designed correctly, their business model could quickly rate multiple business 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.

This ability provided retail agents with many benefits including lower costs, the ability to close more business and the ability to provide a far better customer experience.

In 2004 comparatively rating 2 classifications amongst 2 carriers was only an abstract in a white paper. Today it is reality! .

Not only is it for real but Wholesalers and retail agents have leveraged comparative rating software to enhance other product offerings . Artisan 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 almost anything .

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:

Quicker Market Times More Flexibility Within Your Business Model Lower Operating Costs Better XML Integration More Business

Call Us

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.

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