Fiserv FSC Inc. introduced the newest version of CapFSC, a competitive analysis tool for insurance companies and managing general agencies. CapFSC is a Windows based product that lets insurance professionals compare their rates against the competition in a particular territory with specific rating criteria. It works with the WinFSC rater to generate a competitive profile specifically designed by the user.
Some of the features of the initial CapFSC product include three simple data entry screens, a report generator, the ability to choose from a variety of output fields including premiums, limits, deductibles, fees, payments, symbols and territories. In addition, users can determine their market position using statistical tools such as; mean, min, max, median, and rank and output directly to Excel or to a database such as Access or SQL. All of the features give the user the ability to compare hundreds, or even thousands of quotes in a single pass.
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