VortexDNA segmentation benefits calculator
To what extent do reductions in the residual error of your models translate into additional profit and market share? Find out by using our benefits calculator. Read More
Using the Calculator
To use the calculator enter your input settings. The results will display automatically.
Find out more about how the calculator works (pdf).
Results
| Results | Profit for Year ($m) | Increase in Average Profit per Annum (millions) | Your Market Share (% of Total Customer Base) | Average Growth per Annum (% of Initial Market Share) |
|---|---|---|---|---|
| Year 0 | ||||
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| Year 10 | ||||
| Year 20 |
Results are based on assumptions built into the model.
The calculator demonstrates how your market share will rise over time with effective segmentation
About
"The actual dollar benefit of accuracy improvements is very difficult to even know how to calculate." Underwriting Manager, Leading US personal lines carrier
Segmentation is critical to the survival of insurers and other companies, yet how can improvements be quantified in dollar terms for the company?
Some key principles are well understood. Enhanced segmentation:
- Improves the competitive position of the company by forcing adverse selection onto competitors
- Improves the profitability of the company, primarily by attracting new, lower risk, business.
The VortexDNA Segmentation Benefits Calculator is an attempt to quantify these general principles in bottom line terms.
> MARTIN BURLEY
HEAD OF RESEARCH
Help
If you have any questions please contact Martin martin@vortexdna.com
Alternately, view calculator definitions and assumptions.
Feedback
Please let us have your comments and suggestions so that we can improve the model.
Contacts:
Martin martin@vortexdna.com
Branton Kenton-Dau, CEO branton@vortexdna.com
BENEFITS CALCULATOR
Plug your own data into VortexDNA's interactive insurance benefits calculator to see how much market share -- and profit -- your company stands to gain.
Use the calculatorRESEARCH REPORT
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VortexDNA and a leading US auto insurer successfully demonstrate the ability to generate fairer premiums.
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Our 30-day proof-of-concept process will show you exactly how much we can improve your current predictive modeling.
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