Progressive Insurance Competitive Intelligence: Analyzing Agency Data
Student Researchers: Jubilate Lema, Ye Lv, Joseph Wilch
Faculty Advisors: Pam Pierce and John Ramsay (Mathematics)
The purpose of this AMRE project was to analyze data collected from independent agents across the country to determine in what demographic groups Progressive isn’t competitive, either offering a premium too low or offering a premium too high. An analogous goal was to figure out which variables Progressive weighs differently in respect to how they set premiums compared to the competition. Our results will give Progressive Insurance a better idea of areas where they could be more successful.