Harnessing the Power of Big Data: How MCA Transforms Insights into Action
Based on Vertafore’s transactional data, paired with client proprietary data, MCA delivers the insights mutual insurance requires to:
- Learn how new and existing products are performing in the market
- Gauge agent performance
- Change underwriting rules to attract different book-of-business profiles
- Adjust pricing plans to become more competitive on preferred risks
- Make those pricing plans less desirable for less suitable risks
Comparative Rater algorithms can make or break the profitability of the products you launch. At MCA we apply analytics to competitive rating algorithms to help your business discover opportunities for more effective quoting. As a Vertafore Orange Partner, MCA can move quickly with the data Vertafore provides to provide Comparative Rater analytics even faster.
“Working with MCA to gain new perspectives regarding our product performance using Vertafore data was enlightening. MCA takes a collaborative approach to unpacking the insights step-by-step so our team can make informed decisions on our pricing and product decisions. Our engagement laid a path for us to use going forward and gave us information we could act on immediately.”
Susan Kent
Ohio Mutual Insurance Group
Doug Mohr
Vertafore Vice President, Industry Relations & Partnerships