Middletown, CT (PRWEB) May 24, 2006
A new, easy-to-use information tool from MarketStance can help insurance underwriters become more forward-looking by putting underwriting-relevant market and economic activity data and forecasts at their fingertips.
ExpressReports for Underwriting provides objective information that adds both context and perspective to a number of underwriting related decisions. With it, underwriters can assess such issues as how activity in a given industry or territory is likely to impact renewals, or how to anticipate changes in claims potential to appropriately adjust pricing, terms or underwriting posture.
MarketStance is a leading provider of business demographic and market data analysis tools and services for the US insurance industry. MarketStance Analyst, the firm’s cornerstone analysis tool, is used in a majority of the top 20 property/casualty carriers, as well as in a variety of specialty and regional insurance organizations.
According to MarketStance Founder and CEO, Fritz Yohn, PhD, “Insurance exposure growth rises and falls with economic activity levels. As a result, underwriters can use this information proactively to shed light on emerging market trends and conditions likely to impact performance. ExpressReports is designed to help underwriters become more forward-looking.”
A web-delivered tool, ExpressReports for Underwriting requires no additional software or IT involvement for implementation so it can be quickly and easily put to use for desk underwriters and underwriting managers alike. The preformatted reports are straightforward, organized and presented in ways that underwriters immediately understand. Users simply select the type of report desired, then focus state-specific information by account size or class of business using simple drop down menus. Reports have the familiar look and feel Microsoft Excel and the reports and formulas are easily exportable into Excel for additional analysis.
MarketStance (http://www.marketstance.com) integrates economic and business demographics with insurance data to provide up-to-date market information and insights for the insurance industry. The company additionally provides highly skilled analytical consulting services that are built upon an in-depth understanding of and experience in insurance.