Group Market Share
Retego’s Group Market Share application provides participating insurance carriers with a unique view of market data. We securely compile carrier-supplied data which allows the carrier to benchmark their results against their peers while all data stays private and secure.
Group Market Share serves group insurance carriers in the Disability, Life, AD&D and Dental lines of business. Representing over 90% of the U.S. market, members have access to powerful competitive intelligence.
For everyone from actuaries to sales and marketing teams, Group Market Share provides the tools to answer your rating, plan design, broker coverage, and strategy questions. In under 3 minutes you can answer questions like these:
- How competitive is my carrier versus other carriers by state? Which states might have opportunities for growth/expansion?
- What is our trend in market share for groups with 50-100 lives?
- What brokers control a business segment, by metro area, and which ones do we not yet do business with?
- What plan design features are most popular for groups of a particular size and type?
GMS has a unique data set that can not be purchased from any other source and the data is updated quarterly, so your reports are run on timely information.