Profitable growth starts with rates that reflect risk and compete in the market. Market Basket gives insurers the real-market data to do both with confidence.
Setting the right rates makes all the difference for insurers. Profitability hinges on both accurately mapping premium to risk and setting competitive pricing positions.
To excel at these tasks, insurers need comprehensive data, and Market Basket is primed to provide that intel. Market Basket harnesses anonymized personal lines quote records run through Zywave’s broker-facing platforms. This data can enhance rate-making processes and enhance product development.
Gain a Performance Multiplier with Market Basket
Data Accuracy
Increase confidence with statistically significant data to analyze and validate against the marketplace
Time Savings
With curated reports full of organized data provided on your schedule, your staff can save time mining industry reports for insights
Market Validated
Gain confidence that products, coverages, and rates are fit for the market and meet client needs
Features + Benefits
Bolster rate-setting processes with the power of a robust quote database.
Up-to-Date Intel
Market Basket’s database syncs with Zywave’s rating databases continually, providing insurers with the most current view of the state of the rating landscape.
Anonymized Records
Quote records are stripped of personally identifiable information (PII), removing any errors and omissions (E&O) concerns for insurers.
Automated Reporting
Market Basket reports can be scheduled to be retrieved when you want them. Data is segmented by state, and carriers can parse up to 30 days of quote records at once. New capabilities are on the way to make this process faster and easier to work with. More to come.
Broad Range of Quote Data
Market Basket contains millions of quote records, providing a statistically significant dataset for analysis.
Model-Ready Data
Market Basket data is adequately relevant for insurers to incorporate into their modeling efforts.
Configurable Data Delivery
Insurers can view subsets of Market Basket that are most pertinent for their data analysis needs.
Speak with one of our experts to learn ways you can increase productivity, achieve profitable growth, and delight your customers. Complete the form and we’ll be in touch right away.
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