The distribution channel is becoming more competitive and carriers need data
to position themselves for retention and growth
Agencies are consolidating their relationships
~10% fewer carrier relationships per agency per year on average
RiskMatch helps you position with the agencies that are important to you
Carriers have low visibility into independent agency channel
Lack ability to see changes in broker business or carrier mix
RiskMatch can identify agencies that serve your appetite
New solutions will streamline commercial lines quote-to-bind
45% of Insurtech investment is to simplify quote-bind-issue
RiskMatch lets you respond to market changes on real-time platforms
Identify growth opportunities
Observe trends in the marketplace; identify growth opportunities by LoB, market, and risk class.
Optimize Distribution Network
Identify at-risk distribution relationships, identify potential new partners based on volume of in-appetite business.
Improve competitiveness
Benchmark rates and commissions by LoB, market, and risk class, and adjust to improve competitiveness with key distribution partners.
Use real time, reliable data
Observe: See trends in brokers’ business mix and consolidation of premium with carriers
Identify opportunities and risks: Benchmark rates and commissions to identify opportunities
Develop plan: Identify segments and develop broker-specific strategies
… and a commercial quote and bind platform to execute business flow and react quickly
Execute: Bring appetite, commissions, and rates in-line at a broker and market to partners based on potential
Bind more business: Access in-appetite new business flow and process business faster
- Leverage 20,000 Vertafore agencies
- Real-time connections between agency and carrier
- Collaborative with end-insured
- Faster and easier for agencies and carriers
The time is now! Market and solution readiness will drive rapid change.
Technology and data are ready
Commercial Submissions Platform launches in 2020
RiskMatch for Carrier data feed informs market planning
$135B DWP on the platform
Market is ready
Commercial insureds want a faster, digital experience
Digital expectations will drive rapid customer adoption
Personal lines rating favored data-driven carriers
Agencies are ready
Demanding connectivity and faster submissions
Using data to adapt carrier mix for appetite and commissions
Why Vertafore?
RiskMatch for Carriers data delivers insights you need to plan
- Local demand
- Rates
- Commissions
We are modernizing the independent agency channel.
RiskMatch awards
2019 Product of the Year
2019 Product of the Year
