Overall Satisfaction with Zywave PlanAdvisor
As an independent insurance broker, we use Zywave PlanAdvisor in our Benefits department. There are four components. The piece we use the most is the renewal projection. The renewal projection helps us anticipate the upcoming renewal rates for our clients. We review this with them mid-year to help with budgeting and planning purposes. It helps launch our renewal process so that employers are not caught off guard if their plan is not running well and a larger increase is projected. We also use this underwriting tool to negotiate with carriers in the marketing and renewal process. If used correctly, it has been very accurate at projecting upcoming renewal changes to rates.
- Renewal projection - forecasting renewal rates is accurate and has been very beneficial to our clients and business.
- Single period report is decent, but not as user friendly as we'd like it to be. It really only works with certain carriers.
- Single Period Report: We hoped it would be like a "DMW lite" but it is only usable with a few carriers, and it's clunky/time consuming to use. We stopped using it.
- Plan Modeler: It's a good idea, but we don't use it much. It needs more development and modeling options.
- Plan Selector: It's a good idea, but it's too time consuming to add the info. If we could import it easily, we'd use it much more.
- Renewal estimator
- The other three components need some money and time to develop to make them more usable.
- The renewal estimator has helped us win new business!
- The renewal estimator has successfully helped us with marketing and carrier negotiations, i.e., it holds weight with underwriters and is hard to argue against.
- The renewal estimator has helped us prepare our clients for their upcoming renewal by forecasting cost changes well in advance so that there are no major shocks or surprises.
Do you think Zywave PlanAdvisor delivers good value for the price?
Yes
Are you happy with Zywave PlanAdvisor's feature set?
Yes
Did Zywave PlanAdvisor live up to sales and marketing promises?
Yes
Did implementation of Zywave PlanAdvisor go as expected?
Yes
Would you buy Zywave PlanAdvisor again?
Yes