The Comparative Advantage - Comparative Insurance Rating Software Developed by Click2Bind

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.
By: Zach Richards
 
Sept. 2, 2010 - PRLog -- In 2004 a software development firm wrote a “white paper” about the independent comparative rating market. 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. More accurate they could not have been. In other words, Progressive’s insurance model was not an accident!

Since 2004 Managing General Agencies (MGAs) have discovered, if the system is designed correctly, their business model could quickly rate multiple business classifications amongst multiple carriers. Instantly, profit margins were realized because retail agents could go to one web portal and produce multiple quotes.

The instant feedback allowed retail agents to lower operating costs, gain greater business agility, accelerate the “closing” of more business and improve the quality for the 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 a reality but Wholesalers as well as the Retail Agent have leveraged the comparative rating business model to enhance other product offering. Artisan Comparative Raters led to General Liability Rater that led to Commercial Auto Comparative Raters. With this tested and proved technology 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:
  Faster Time to Market
  Greater Business Agility
  Lower Operating Costs
  Better XML Integration
  Increased Market Share

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. Contact Click2Bind today!

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Click2Bind develops web based software for the insurance market. Specifically, we create insurance raters and comparative insurance raters for managing general agencies and insurance carriers.
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Source:Zach Richards
Email:***@click2bind.com Email Verified
Zip:28403
Tags:Insurance Rating, Commercial Insurance, Mga, Insurance Carrier
Industry:Technology
Location:Wilmington - North Carolina - United States
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