Market View
A Tool for Group Insurance Marketers
Market View provides detailed information on competitive pricing and marketing practices in the group insurance marketplace.
The study is published annually using data submitted by participating companies on a confidential basis.
Study Design
Market View consists of a dozen Modules. The majority are Rate Modules which simulate quotations and results in Rate Spreadsheets.
Each Rate Module consists of a number of variations on a particular quotation scenario. For instance, Module 1 consists of eight submodules, each of which is a 46 life case but varying in location and industry.
Many of the Rate Modules are repeated in each edition of Market View allowing for longitudinal comparisons.
The Non-Rate Modules explore actuarial and marketing practices. The data formats include cost factor comparisons and questionnaires. Some modules are repeated every few years providing a record of shifts in market practice.
All data is submitted on a confidential basis and is coded so that only the submitting company can identify its own data.
Only participating companies receive the Study Report.
Rate Module Reporting
- complete rates by benefit for all quoting companies
- deviation codes indicate compliance with specifications
- arranged in order of total cost, lowest to highest
- extensive statistical analysis including
- High
- Low
- Mean
- Median
- Weighted Average
- Short List Average
PLUS
- a Custom Analysis for each company showing
- Company's own data
- Rank
- Spreadsheet Summary Statistics
- Percentage Relationships
Non-Rate Modules (examples)
- Incurred but Not Reported Reserves
- Deductible Factors
- Industry Factors
- Underwriting Practices
- Benefit Provisions
Peer Group Report
This optional feature allows you to request a rate module analysis based on a Peer Group of your own choosing. This allows you to compare your market position with that of other companies active in your markets.
Some restrictions apply to protect the confidentiality of participating companies.