MetLife Auto & Home has announced that it has introduced a new pricing platform in Arizona.
The platform, called METRIX, will enable the company to be more aggressive in pricing homeowners insurance. At the heart of METRIX is a change in the way that the company approaches tiering, applying a “points based” approach that allows for broader market niches — up to 99 tiers, with 48 Personal Financial Management (PFM) levels, the company said. The system is designed to better match risk to rate, providing additional price points and opportunity for competitive rates, even for customers who may have more challenging risk factors (such as adverse credit history, accidents/claims and violations), the company said.
“The introduction of METRIX into the state of Arizona supports our vision to expand our customer base in this state, by offering homeowners in Arizona yet another compelling reason to consider the value-added product offerings available through MetLife Auto & Home,” said Scott Kuczmarski, vice president of agency distribution. “We’re looking to expand our presence, by supplementing our existing producer force and also offering greater flexibility in product pricing and placement.”
For more information, visit www.metlife.com.
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