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Perr&Knight Competitive Intelligence Services
Gathering, analyzing, and applying superior competitive intelligence is one of the most critical factors in successful insurance operations. Proactive monitoring of the competition is essential in reducing response time to shifting markets and competitor moves. Industry leaders must be able to quickly adapt and develop new product strategies in order to extend their competitive edge.
Perr&Knight’s competitive intelligence services provide our clients with the most cost effective solution for staying ahead of the curve and developing timely, profitable products. In fact, 90% of U.S. property & casualty insurers use our services to aggressively monitor their competition, track market conditions and make informed business decisions.
RateFilings.com
Perr&Knight has spent more than a decade investing in the technological and human resources that enable www.RateFilings.com, the most complete source of competitor rate, rule and form filings in the United States. Users are provided direct, online access to more than 1,200,000 filings from all jurisdictions and lines of business. New filings are added daily, with more than 20,000 new filings added every month.
Filing Monitor Service
Users of www.RateFilings.com have multiple subscription options for locating, tracking and accessing competitor filings. Users can also sign up for Perr&Knight’s Hot Filing Alert at no charge. The Hot Filing Alert keeps users notified when popular filings become available. Perr&Knight’s Filing Monitor Service includes the following options:
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Basic Access - Users can search for filings free of charge, and download them at a modest per page fee.
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Premier Access - RateFilings.com now offers the following three levels of Premier Access:
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Premier Access - Provides detailed information for all filings, including customized Filing Monitors (newsletters) so you can track new filings as we add them to the database. This option allows subscribers to preview the filings before purchasing them. All filings are available for immediate downloading and Premier Access subscribers receive a 20% discount off our normal downloading fees.
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Premier Access Gold – Provides the benefits of Premier Access plus the ability to download any filing in our database dating back 12 months from the effective date of the subscription agreement for free. In addition, subscribers have free access to download all filings that are added to our database for 12 months going forward from the effective date of the subscription agreement. All older filings not included as part of the Premier Access Gold subscription are available for immediate download at a 20% discount off our normal downloading fees.
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Premier Access Platinum – Provides the benefits of Premier Access plus the ability to download any filing in our database for free. Our database contains filings in many states dating back to the 1990s. In addition, subscribers have free access to download all filings that are added to our database for 12 months going forward from the time the subscription begins.
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COMP Pro (Competitive Online Monitoring Program) - Users are able to monitor the complete filing activity of key competitors for a fixed annual fee, by providing Perr&Knight with a list of their competitors, product lines and states. Filings are delivered on a monthly basis, or more frequently in some states. We guarantee that user libraries will contain all filings that fit their criteria, and filings can be downloaded at no additional per page charge.
In the rare event that a filing is not in our database, Perr&Knight can research and obtain any publicly available filing upon request. Our research team can also assemble and provide complete rate manuals and forms libraries.
Manual Libraries
Perr&Knight is the industry’s most trusted source for maintaining current and historical competitor rate and rule manuals and form libraries. Subscribers to this service save time by relying on our team of dedicated analysts to quickly assemble complete manuals and form libraries for nearly any state or line of business, and enjoy substantial cost savings by avoiding the need to purchase and sift through a multitude of competitor filings on their own. Further, we provide updates as they become available in order to ensure that our clients stay current on competitor products. Subscribers can access their libraries directly through RateFilings.com, and receive automatic alerts when our analysts update the manuals and libraries. More...
Coverage Comparisons
Coverage Comparisons contains a comparison of key coverage provisions of the largest insurance companies writing a particular product line in a given state. The comparison is presented in matrix format in order to highlight the key differences between each competitor. It allows readers to review how the largest writers are competing by differentiating their policy forms.
Industry InFocus
Perr&Knight publishes Industry InFocus, a series of advanced competitive intelligence reports that provide insurance professionals with a comprehensive view of the insurance marketplace. Executives, product managers, underwriters, marketing professionals, analysts and other key insurance professionals depend on Industry InFocus for unparalleled market analysis and critical product development support. Our Industry InFocus series includes:
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Market Focus presents a high-level overview of the profitability and competitiveness for a particular line of business and features custom territories and competitive rate comparisons based on Perr&Knight's proprietary market baskets, complete 5-year rate history for top 25 competitors in a state, key profitability indicators for the top 25 writers in a state, and quarterly updates to ensure timely and relevant information. More...
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Financial Focus - Market Share Plus provides a detailed analysis of the profitability and production statistics for all competitors for a particular line of business and features statutory Page 14 data for calendar years 2004-2009, relevant data from Part III., Allocation of Lines to Direct Business Written, of the Insurance Expense Exhibit (IEE) for calendar years 2006-2009, pre-calculated loss and expense ratios and a pre-formatted, printable exhibit detailing the top 25 companies by market share. More...
RateWatch
RateWatch monitors rate change activity by state and company for the top 10 insurance groups. There are two available publications for RateWatch, the State Report and the Company Report. Each report contains five-year history of rate change activity, weighted average rate change for the state or company, and market share information.
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