This guide outlines the steps to benchmark pricing for a specific asset using the Carrier Appetite tool.
Step 1: Enter the Asset, Coverage, and Exposure Details
Fill in Insured Asset, Coverage, and Exposure for the risk being benchmarked.
Optionally narrow the search using the Neighborhood Crime filters.
Note: Only State and Coverage Group are required. Every other filter can be left as “All.”
Step 2: Set Risk Filters and Search
Set the Natural Disaster Risk levels ("Severe Weather", "Earthquake", "Hail", "Hurricane", "Tornado", "Wind"), the Hazards checkboxes, and the Coverage checkboxes for the perils and coverages to include.
Click "Search".
Step 3: Review the Available Comp Groups
Scan the Available Comp Groups list to find the Comp Group – a set of previously placed policies sharing the same asset and coverage dimensions, used as a pricing benchmark – that matches the risk being benchmarked.
The best match appears under "Exact Matches", highlighted in green. An Exact Match is a comp group whose dimensions align exactly with the filters entered. Other matches appear under "Other Available Groups", each labeled with which dimension differs (for example, "pre-1980" or a different EGI band).
This view shows groups of 3 or more precedent transactions that match the selected filters.
Expand a group to see its ROL Distribution and Premium/Door Distribution (25th, median, 75th) and a "Cheapest Carriers" table – the group’s lowest average-ROL carriers, ordered by premium placed.
Click "View fact sheet".
Step 4: Review the Fact Sheet
Review the pricing benchmarks for the matched segment: Median ROL (Rate on Line, the primary pricing metric shown throughout the tool, expressed per $100 of coverage), Median $/Door (the median premium per unit, or “door,” for the comp group), Median RCV/Door, and the Pricing Distributions for ROL and Premium/Door (25th, median, mean, 75th).
Review the Asset Profile (median Units, Sq Ft, Stories, Buildings, EGI, Year Built, Roof Age, Coast Distance) and Risk Exposure bars (for example, Equipment Breakdown, Terrorism).
Under Policy Profile, switch between the "Property"/"Liability" and "Carriers"/"Brokerages" toggles to see coverage percentages and which carriers or brokers are active in the segment.
Note: The Coverage and Market Players sections on the Fact Sheet each have a toggle ("Property"/"Liability" and "Carriers"/"Brokerages"). Only one view displays at a time.
What Happens Next?
The pricing and coverage benchmarks from the fact sheet inform how the policy is priced, structured, or negotiated for a new or renewing term.
If the fact sheet shows few or no comparable carriers, reconsider which carriers to approach for that segment.
If no carriers offer coverage in a specific market for a specific segment, a waiver may be needed for that coverage. Follow the How to Use the Waiver Feature guide to track waivers once they have been submitted to the lender.
Additional Resources
For more information on other reports in the platform, refer to the Understanding Reports guide.
For more information on using the Waiver feature, refer to the How to Use the Waiver Feature guide.