The new Carrier Report has been optimized based on the data available in a given state. At a minimum you will be able to view historical renewal volume broken down by industry, Underwriting tier utilization, and a rolling 12 month win/loss record vs. peers. Trends and segmentation are the themes here.
The first report you view takes a painful number of seconds to load (10ish) but it is almost instant thereafter.
Renewal Volume & Industry Breakdowns
(upper left) Purposefully small as it is detailed in the surrounding charts. The area chart (shaded) is actual monthly renewal volume. The dark blue bars are the net change in written accounts for a given month relative to last year.
YoY Industry Breakdown
(left center) This bar chart is the same as above, except it is broken down by industry and provides a TON of context in regard to the incumbent's appetite and where it is trending. Since it is split by industry you can see when a carrier might be getting 'cold' on an industry while getting 'hot' on another. It's the money shot. Note that the most current month or two may be partial.
(upper right) This is an annualized look at the two monthly charts.
(lower left) For Groups, this heat map illustrates underwriting company utilization. If LCM's are available in your state this can be very telling of how aggressive or prudent a market's underwriting practices are over time.
These two text charts provide you with the incumbents track record for the past 12 months against the competition. A favorable indication would be your market high on the Lost chart and low on the Win.
This scatter plot summarizes a market's LCM utilization on an annual basis, broken down by industry. The size of the dot indicates number of records and the vertical placement indicates the average LCM used for the industry. The LCM axis on this chart is fixed between 0.8 and 2.75 so users have a visual cue as to the market's competitiveness from a rate perspective.
Underwriting Co LCM's
This text chart breaks down each carrier's current LCM filing for reference
This scatter plot represents each underwriting co's LCM filing and the dot size indicates number of records. Note that the 2022 term will not be an annualized representation of volume until the end of 2021 (i.e. we don't have December 2022 renewal data until we get past December 2021).
This is a scatter plot of the average premium increase/decrease % split by industry over time. Trends are a theme here. Size of dot indicates volume of accounts. Hover over the dots to view tool tips.
This parses account-level premium for the market and is split into percentile ranks, along with the average premium for comparison. This will give you a feel for the size spectrum of the market at the industry level. It is skewed toward the higher percentiles because, as you will see, the majority of WC is comprised of small accounts. Note that our number formatting has limitations and due to the need for 3 decimals for LCM display, there are also premium values in this chart that have 3 decimals, just something to be aware of.
Where the average premium falls along its corresponding percentiles may indicate preference to size (large or small).
This is a heat map of accounts written by premium bracket. 0 is always 0 to the next value (e.g. it is a range of premiums)
The mod histogram is broken down by industry and looks at the last 12 months. Merit and/or non-qualified accounts end up on the far left.
Average Mod Change
Average Mod change % of a market's book broken down by industry. Are they going after risky stuff, safe, find out here.