WC prospecting data / software comparison

Xdate | Zywave MiEdge

WC data undeniably streamlines business development, which explains why there are multiple options out there. But do all these products offer the same value? We've highlighted some of our unique features and included what we've discovered about our competitors, along with what others have shared, so you can evaluate them yourself.

WC policy data

Coverage you can count, state by state.

What's important to us is actual WC policy data, not a suite brochure that lists "sales cloud" as a line item.

Xdate

44 states, 4.9MM policies

Actual WC policy data. We have 4.9 million active policies across 44 states. In many states, that is all businesses with an active WC policy.

Zywave MiEdge

20 states

That's the coverage they publish. Twenty states is a territory, not a national file.

Source: Zywave MiEdge FAQ
Only on Xdate

The rest of the toolkit.

Policy data gets you in the door. These are what you use once you're in the conversation.

xRate

Carrier filings as they land: rate and form changes, new programs, market exits. Scored so you know which ones hit your book.

Xtract

Loss run PDFs turned into CSV or JSON. Claim-level detail you can actually analyze, not retype.

Appointment setting

Schedule follow-ups on the account, or hand a list to our callers and take the appointments on your calendar.

TalkPoint

Peer benchmarks for that prospect's class and size. Premium, rate, and competitiveness you can put in front of them.

Carrier and class reports

Who is winning the class, who is walking away, and where rates are going. A reason to call that isn't "let me take a look."

LCM rates

Loss cost multipliers tracked by underwriting company and state. Search on them, and see when the carrier (not the risk) moved the rate.

Rater

Estimate premium across appointed carriers from the filed rates, on the company you're already looking at.

LossRunner

Prefilled loss-run release forms, emailed to the insured in one click. Ordered from the carrier, not the incumbent.

Policy history

A renewal date without last year is just a calendar.

Xdate

5+ years of history

Buying patterns, rate and premium trends, BORs. They only become visible when you have a historical view. That's how you know whether the premium moved because the risk did, or because the carrier filed a rate.

Zywave MiEdge

A suite, not a file

MiEdge sits inside a broader Zywave package. You can buy Content and Service Cloud without Sales Cloud. That tells you how the product is sold. It does not tell you how far back the WC file goes.

Interface

Software a producer will actually open on a Tuesday.

Xdate

Built for the call, not the suite

Search, profile, flag, note, group, export. Light enough that a producer uses it. Deep enough that the underwriting conversation is already on the screen.

Zywave MiEdge

Packaged with everything else

A well-staffed, strongly compensated sales organization. Producers, they are not. The product is sold as a cloud. The person who has to use it is still sitting in a truck between appointments.

Terms of service

How hard is it to start, and how hard is it to leave?

Xdate

Month to month, or an agency plan

Simple. We have a month-to-month option. It is limited, come and go as you please. We have an agency plan that is more expansive and requires a commitment. It scales by agent and state. There is also an all-states plan.

Zywave MiEdge

Annual. Easy?

Annual. How much is it? A little murky. Package pricing. They'll still sell you the Content and Service Cloud without the Sales Cloud. Want to cancel? Their terms require 60 days' notice prior to the renewal.

Market understanding

Experience only counts if the prospect can hear it.

Xdate

Started at zero

Ten years in the business. A lot to some, a little to others. What differentiates is when it happened: 21 to 31. A few peers found themselves "selling" renewals off a parent's book. I started at zero. Business owners need to perceive expertise from their agent. You can't convey that at 21. So I found something intelligent to talk about that also hits the owner's bottom line, in a way they can understand.

Zywave MiEdge

A sales organization

Well-staffed. Strongly compensated. But producers, they are not. The people writing the pitch are not the people who have to sit across from the insured.

Ownership

Who the product is for follows who owns it.

Xdate

Bootstrapped. Producer and developer.

Owned by people who sell business insurance, with the development behind it. We started small, with a simple system, and grew it as producers asked for the next piece.

Zywave MiEdge

PE-owned

PE's primary objective is ROI. That shifts the focus from product-driven to income-driven. Growth through acquisition (listed on their About page, at least they own it) and packaging products without a seamless integration between the suite, and without much consideration of improvement.

Also compared

Looking at more than one option?

Xdate vs. Meet Leo

Record counts, history, terms and what "AI" is actually doing in the product.

Commercial Insurance

What the WC file actually contains: LCM, PEO provider, history and managed carrier names.

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