Target Competitors

With Benefeature, you can take a proactive approach to market competition by focusing on employers your competitors have recently secured. Our advanced filtering system allows you to drill down into specific plans won by particular carriers, giving you a clear view of where your rivals are making inroads.

This feature isn’t just about observing; it’s about strategic advantage. By understanding which employers your competitors have targeted and won, you can identify patterns in their sales tactics, preferred industries, and geographical focus. This insight empowers you to anticipate their next moves and develop counter-strategies. Whether it’s focusing on under-served sectors, targeting high-value employers, or timing your outreach to coincide with renewal periods, Benefeature equips you with the intelligence needed to outmaneuver the competition.

User-Friendly Interface

We understand that time is of the essence in the fast-paced world of group insurance. That’s why we’ve designed our platform with a focus on user experience, ensuring that even the most complex data is easily accessible. Our user-friendly interface is built to simplify your workflow, allowing you to seamlessly navigate from profile to profile without missing a beat.

Whether you’re conducting a detailed analysis of a specific carrier’s Book of Business, diving into the granular details of an employer’s group plan, or comparing the activities of multiple brokers, our intuitive design makes it all possible with just a few clicks. The platform’s clear layout and responsive design ensure that you can find the information you need quickly, without having to wade through unnecessary steps or clutter.

Robust Filtering

The ability to narrow down vast amounts of data into actionable insights is what sets Benefeature apart, and our robust filtering options within the Book of Business feature are designed to do just that. Whether you're looking to understand market trends, assess competitor strategies, or identify potential opportunities, our advanced filtering tools give you the power to focus on the most relevant employers, plans, and relationships that align with your business goals.

• Broker Office: Pinpoint where your competitors are most active by filtering down to specific broker office locations (available on Broker Profiles).
• Product: Break down offerings by product type - medical, dental, vision, life, etc. - to focus on the categories most relevant to your strategy.
• Location: Target specific geographic markets, allowing you to focus on areas where you want to gain or expand market share.
• Industry: Filter by industry sectors to tailor your analysis and discover opportunities within specific fields.
• Participants: Understand the scale of group plans by filtering based on the number of participants, helping you prioritize larger or smaller plans as needed.
• Premium: Benchmark financial data by analyzing premium volumes, giving you insights into the monetary scale of competitor plans.
• Funding Model: Differentiate between self-funded and fully insured plans to align your offerings with market demands.
• Carrier / Broker: See which competitors are active by filtering plans according to specific carriers or brokers involved.
• And More: Further refine your search with additional filters to uncover the insights most crucial to your strategy.

In-Depth Insights

Benefeature provides you with comprehensive insights into your competitors' activities:

• Relationship Analysis: Examine your competitors' connections with key employers to identify strong ties or potential vulnerabilities. Focus on the most relevant plans to strategically disrupt existing relationships.
• Assess Relationship Lengths: Gauge the stability and loyalty of carrier and broker relationships by analyzing how long they’ve been with specific employers. Use this insight to time your approach, targeting employers who may be open to change as contracts near renewal.
• Renewal Dates: Gain a strategic edge by knowing when competitors' plans are up for renewal by jumping directly to the group plan details of your interest. This allows you to time your outreach perfectly, ensuring your offerings are considered when employers are evaluating their options.

Why It Matters for Insurance Professionals

• Sales: Leverage detailed competitor analysis to precisely target potential clients. Tailor your sales pitches based on competitor successes and gaps, highlighting your unique advantages to increase your chances of winning clients.
• Strategy: Use actionable insights to craft effective market entry or expansion strategies. Identify promising opportunities and avoid pitfalls by understanding competitor activities and market trends, ensuring your strategies are well-informed and targeted.
• Distribution: Optimize your distribution channels and partnerships by analyzing competitor alignments. This insight helps you enhance your own distribution strategy, negotiate better terms, and effectively reach your target audience.

Intelligent Ranking

Beneranking leverages our advanced algorithm to evaluate and rank the significance of each relationship within the data. This predictive analysis highlights the most valuable connections for carriers and brokers, enabling you to focus your efforts on relationships that offer the highest potential impact. By prioritizing these key relationships, you can optimize your strategies, target high-value opportunities, and allocate resources more effectively for maximum results.

Export Functionality

Our export functionality allows you to seamlessly transfer your filtered results to Excel. This feature supports in-depth analysis and strategic planning by providing a flexible format for organizing and manipulating data. With easy export options, you can create detailed reports, perform custom analyses, and develop actionable insights to better strategize and stay ahead of the competition.

Schedule a demo to learn more and explore how Benefeature’s Book of Business tool can sharpen your market intelligence and give you a strategic advantage.

Stay tuned for more feature spotlights as we continue to innovate and bring you the best in benefit analytics and market intelligence.