MarketStance Updates Insurance Market Analysis Tool: Brings Data Current through 2005
MarketStance, the business information and analytical services firm specializing in the U.S. insurance industry, today announced the release of its annual commercial lines data update. The update brings premium, insurable exposures and business forecast information current through 2005 for the 28.6 million establishments comprising the U.S. commercial lines marketplace.
Middletown, CT (PRWEB) February 1, 2007 -- MarketStance, the business information and analytical services firm specializing in the U.S. insurance industry, today announced the release of its annual commercial lines data update. The update brings premium, insurable exposures and business forecast information current through 2005 for the 28.6 million establishments comprising the U.S. commercial lines marketplace.
MarketStance Version 2005-0 incorporates source data categorized according to the 2002 North American Industrial Classification System (NAICS). MarketStance continues to offer clients translations into a Standard Industrial Classification (SIC)--like format, as well as mapping to industry standard liability classification codes. However, using 2002 NAICS coded sources helps ensure that the MarketStance data provide the most current possible view of the U.S. economy. The 2002 NAICS data also enable more detailed market data, such as the newly available breakouts on residential remodelers, which is of interest to insurers writing construction classes.
For the first time, MarketStance Version 2005-0 also separately details premium and exposure information on government entities. Included are state, county and city/town executive offices; fire protection; education; public health; utility regulation and administration; and air, water and solid waste management organizations.
Timely information that better reflects actual economic conditions means better decision making according to MarketStance. The firm's Version 2005-0 integrates current business activity with historical growth data and growth forecasts through 2009 on employment, payroll, insurable exposures and number of firms. The data can be accessed through a desk-top analytical tool or via web-delivered reports.
About MarketStance
MarketStance (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. MarketStance is based in Middletown, CT.
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