How much additional underwriting profit could your organization earn per year?

Answer these 10 questions to receive your VALUE POTENTIAL and a copy of the Intelligent Growth Study

What does your distinct level of maturity mean?

Vulnerable – Organizations that fall into the “vulnerable” level are below average performers. They have the largest room for improvement, and their value potential is $0.10 per dollar of premium on average. Among other attributes, they tend to have technology infrastructure viewed as a cost with strategy and processes constrained by ongoing legacy systems challenges (e.g., utilization of outdated homegrown, mainframe systems), and have multiple data silos with limited information architecture and analytical capabilities inhibiting the development of insights for decision making.

Based on your score, we believe the following resources might be helpful for you to consider checking out as you work towards becoming a differentiated carrier:

More information on how the top 100 U.S. P&C carriers were segmented, including detailed financial results and key characteristics, can be found in the report.

Download the Intelligent Growth Study to see how the best performing U.S. P&C carriers achieved superior growth and profitability.



What does your distinct level of maturity mean?

State of Market – Organizations that fall into the “state of market” level are the average performers. They have a medium amount of improvement, and their value potential is $0.04 per dollar of premium on average. Among other attributes, they tend to have intermittent integration of standardized business processes across the value chain that leverage moderate amounts of data to support organizational objectives, and have some IT infrastructure modernized, typically employing on-premise, core systems that are sporadically upgraded.

Based on your score, we believe the following resources might be helpful for you to consider checking out as you work towards becoming a differentiated carrier:

More information on how the top 100 U.S. P&C carriers were segmented, including detailed financial results and key characteristics, can be found in the report.

Download the Intelligent Growth Study to see how the best performing U.S. P&C carriers achieved superior growth and profitability.



What does your distinct level of maturity mean?

Differentiated – Carriers that fall into the “differentiated” level are the elite performers. They have the smallest room for improvement; thus their value potential is minimal. Among other attributes, they tend to have core processes fully integrated across the value chain underpinned by a modernized IT infrastructure including adoption of SaaS core systems, and information is viewed as a strategic asset supported by advanced data management and analytics capabilities leveraging internal and external data sources.

Based on your score, we believe the following resources might be helpful for you to check out in order to remain a differentiated carrier:

More information on how the top 100 U.S. P&C carriers were segmented, including detailed financial results and key characteristics, can be found in the report.

Download the Intelligent Growth Study to see how the best performing U.S. P&C carriers achieved superior growth and profitability.



Value Potential

Value potential is the annual improvement in underwriting profit a carrier could capture.

What is the basis for the value potential number?

Value potential is estimated based on your responses to the questionnaire compared to the strategic and operational characteristics of top performing carriers identified in the ACORD Intelligent Growth Study.

The Intelligent Growth Study is a comprehensive analysis of global insurance carriers over the past twenty years including the top 100 U.S. P&C insurers. Using market share and profitability metrics, insurers in the study were grouped into one of four categories, including those classified as Intelligent Growth companies.  These insurers demonstrated significant market share growth and profitability over the 20-year time period. The study then examined the key drivers, strategies and capabilities that companies employed across the insurance value chain to understand how Intelligent Growth companies differ from the other companies in the study.

When assessing the capabilities of companies, three distinct levels of maturity can be identified: leading performers (“Differentiated”), market average performers (“State of Market”), and below average performers (“Vulnerable”).  Not surprisingly, a high proportion of the capabilities among the Intelligent Growth companies were characteristic of the Differentiated group.

The value potential of the Vulnerable and State of Market categories represents the financial gain (underwriting profit) associated with improving current capabilities to the level of Differentiated carriers.

The estimator is designed to provide a simplified estimate of which level your organization maps to and the associated amount of annual profit improvement you could potentially achieve by moving toward the Differentiated level.