ABOUT NEW BUSINESS INSIGHT
New Business Insight is comprised of operational and commercial insurance information to profile individual businesses including:
Business name, location and other contact information
Premium potential by line of coverage
Business growth forecast
Account composition and complexity information and more
It is a source for comprehensive prospecting business profiles designed specifically to support sales, policy approval and underwriting.
New Business Insight enables insurers to target the right account prospects and validate account information to grow business with accurate information.
Uncover hidden surprises lurking beneath the surface class/location
Provide perspective that enables additional pre-underwriting and allows matching the product/pitch with probable account needs
Give agents an ability to match their conversations to account needs
Encourage business profile follow-through and improves agent success
Facilitate targeted, focused marketing
Substantially reduce amount of “cold calling” or prequalification needed
Improve quote quality
MarketStance uses the same bottom up methodology to apply exposure, growth and insurance specific measures to individual businesses. Our core analytic process consumes data from dozens of sources, builds market information from the bottom up and enables MarketStance to enhance business records at the individual establishment level up to a headquarters level for an enterprise wide perspective.