Competitive industry premium information is crucial when you are seeking to win new business for a small business client or determining whether remarketing an existing client’s policy will be advantageous. The latest release of Applied Analytics® includes a Premium Benchmarks Dashboard, which allows you to show your customers where their current premium falls in the range of comparable policies.
The dashboard provides the power to compare a BOP Policy Premium to the current industry range. The premium benchmarks model is powered by over one million policies, comparing the current policy to policies with similar details in order to win new business or validate with current customers that they remain competitive at policy renewal.
Watch the video below for a demo of this new dashboard.