Zywave’s Commercial Analytics empowers commercial insurance brokers and wholesalers to sell more effectively with insights from 9 million U.S. insurance policies and programs including liability, property and casualty, workers compensation, and cyber insurance. Using Commercial Analytics, brokers can compare their clients’ insurance coverage to similar businesses and examine coverage types, limits, and past losses. With global datasets and intuitive visualization tools, brokers can identify revenue opportunities within their client base, build trusted client relationships, and help clients build data-driven risk management strategies.
Key capabilities include:
• Branded, data-rich reports allow brokers to present information about the insurance purchasing practices for organizations like their client — coverage types, limits, and other industry comparisons
• Detailed insights, including distribution graphs and limit adequacy charts, from a pool of 9 million insurance policies and programs and 165 commercial lines of business. In addition to coverage, Commercial Analytics includes detailed information on significant accidents, lawsuits, and regulatory actions.
• Loss analysis enables brokers and their clients to examine specific loss instances—including the conditions and factors that contributed to losses. Loss data covers more than 1.3 million global events, totaling nearly $4 trillion in loss value. Compelling visual images improve client understanding and overcome objections to drive more renewals.
• Advanced cyber insurance benchmarking offers frequency, severity, scenario analysis and limit adequacy analytics as well as an executive summary to support smarter decisions on cyber risk.
• Data classification: All data is searchable by client industry market segments, including geography, company size, company type, sub-industry, and coverage type.
• API access: Bring data into your data platform and build custom analytics with your own first- and third-party data