Rating System Can Make, Break Agents

Property-casualty policy premiums are rising at rates that outpace inflation, causing price-conscious consumers and their agents to aggressively seek multiple quotes. Those insurance companies that empower agents to rate policies with systems that are intuitive, self-navigating and capable of providing a fast and accurate quote are most likely to be in an agents evaluation set during his or her comparison shopping activities.

For small- to mid-size p-c insurers, such ratings processes are a primary operations priority.

While many larger insurers are “already there” in terms of ratings ease for agents and a growing number of consumers, many insurers with smaller resources for technology investment are still seeking robust, but affordable, ratings solutions to remain competitive.

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