How the Policy Analyzer Compares to the Reports In InStar

Let's take a look at how the Policy Analyzer compares to the reports in InStar so you can see for yourself how the Policy Analyzer is more flexible and powerful.  I think you're going to find that you'd rather run your reports in the Policy Analyzer over InStar.  Let's take a look at the Book of Business report for our comparison.

The Book of Business report in InStar is based off of all "active" policies.  What's an active policy?

An active policy is a policy with the status of New, Renewal, Rewrite, Pending and Tail.  That means Cancel, Dead and Quote status's are not included in this report.  Effective and expiration dates also are not taken into consideration in this report.

When you pull up this report, you are given a couple of choices:

• Include ALL producers or 1 producer.  What this means is you can include all producers or 1 at a time.  If you want to include, say, 3 producers you'd need to run 3 reports.
• Include ALL companies or 1 company.  Same thing ... all or 1 at a time.
• Include Personal Lines OR Commercial Lines OR Life & Health OR Bonds OR ALL policies.  Here again it's all or 1 at a time.  For example, if you want to include both Personal Lines and Commercial Lines you have to run 2 reports.

Also notice that you have no date parameters to choose from with InStar's Book of Business report.

With the Policy Analyzer you have total control in choosing the parameters for the report you want to view and/or print.  If you want Active Policies only, choose Active. 

If you want Active Policies between two dates (can use effective date or expiration date), you can do that too. 

If you only want to include 3 producers and 2 companies and both Personal Lines and Commercial Lines along with the above parameters, again, not a problem!

You are not limited in your selection process.

Then, for a print out you can choose to print the list based upon your search criteria with totals at the end and sorted in the order you chose (example - PDF file), or a report that sub-totals by the ...

• Effective date month (example - PDF file), or
• Expiration date month (example - PDF file), or
• Producer 1, or
• CSR, or
• Insurance Company, or
• LOB (Line Of Business), or
• Plan Code, or
• Cross-Reference field, or
• Source of Business, or
• Insured.  More are coming.

With all of these different sub-total report options you can look at the same policy selections in multiple different ways.

By the way, all reports default to the screen where you can choose to print them to your printer or e-mail/save them in a RTF, HTML, Plain Text or PDF format.

If you need a different layout for your reports or need them to be sub-totaled by a different field, just drop me an e-mail and we'll add that report layout to the program.  Upgrading the program is simple.

Here are a few other common InStar reports and their parameters:

Policy Analyzer Advantage:

There are no limitations to the selection of policies to be included for the report you want to create.  You choose the date parameters, whether you want to include specific companies, producers, lines of business, etc. and if so, which ones.  Then you choose what sort order you want the report in. 

The Policy Analyzer also allows you to break these reports down even further so you can get very detailed and specific information.  For example, with InStar's Line of Business (LOB) report maybe you just want to analyze the LOB for personal lines, or for a specific producer, or a specific company, to name a few ways to break down the LOB report.

Then you can take that information combined with other strategic reports to get a much clearer picture of what's going on in your agency.

This gives you total control to create the exact report you need to get the information to effectively run your agency.

The Policy Analyzer Picks Up Where InStar Ends

In the Policy Analyzer when you do recreate the InStar reports you can save them for future usage.  What most people do is recreate the reports and modify them to what their agency specifically needs from the report.  Talk about custom tailored reports.  It just doesn't get much better than this!  Take a look at some of the things you'll now be able to do ...

• With the Policy Analyzer you can choose the parameters of the report by any or all fields … no limitations like in InStar.

• On the InStar reports where you can only choose 1 or All producers, Companies or CSR’s, with the Policy Analyzer you can choose all or select the producers, companies or CSR’s you want to include in the report.

• Reports can be ran either by the Effective Date OR the Expiration Date … your choice.

• You pick the policy status you want to include.  Or, just choose “Active” to include only active policies.

• On the InStar reports that allow you to select by Personal Lines, Commercial Lines, Life & Health, Bonds or All (either 1 or all), the Policy Analyzer lets you choose any group of policies you want in the report.  You’re not limited to a just one or all selection … you pick the policies you want included.

As you can see, the Policy Analyzer gives you a lot more flexibility and control in creating the exact reports you want!

What if you just want the numbers and not the pages and pages of detail?

We can do that too.  It's called a Summary Report.  In fact, we've already added one ... Company + Plan (PDF).

Contact Reports ... There are none in InStar!

How about profiling your clients?  Or running reports on them?

InStar offers no reports on the client record.  Oh sure, you can run a client list and then export them to Excel but that's a lot of work to create the report you want! 

In the Policy Analyzer you can even create contact reports.  You can break them down and sub-total them by ...

• The Cross-Reference field, or
• All 6 user defined fields, or
• SOB (Source of Business), or
• Producer 1, or
• Producer 2 , or
• The CSR, or
• Class Code, or
• Business/Record Type (additional field in the Policy Analyzer), or
• SIC Code (additional field in the Policy Analyzer) for starters.

Or, you can just print a list of them.  And all reports are based upon the query, just like with policies so you're printing just the contacts you want included in the report.

What you might want to do to really get a clear understanding of this program and how it'll help you is watch the video overview.  You'll put in your contact information to gain access to the overview video's.