Producer Model Comparison

Compare caller-scored producer models across the same criteria.

Description

Producer-model comparisons can summarize caller-assigned criterion scores for captive and independent distribution.

Producer-model comparisons can summarize caller-assigned criterion scores for captive and independent distribution. Equal weighting is implicit in the sums.^[1]

Compare caller-scored producer models across the same criteria.

When to use Producer Model Comparison

Use this tool to compare caller-scored producer models across the same criteria.

Prepare the supplied policy terms, dates, assumptions or recorded indicators requested. Keep monetary amounts on one currency basis and select the applicable thresholds separately.

How to use Producer Model Comparison and understand its results

Prepare the supplied policy terms, dates, assumptions or recorded indicators requested. Keep monetary amounts on one currency basis and select the applicable thresholds separately.
Enter captiveScores, independentScores using the field table and calculation rules, then run the tool.
Read captiveTotal, independentTotal, higherScoringModel. The explanation below defines the units, signs, ordering and any flags or placeholder values.
If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.

Input field	Meaning	Value type; see rules below	Requirement
captiveScores	Captive-model scores	list of number	Required
independentScores	Independent-model scores	list of number	Required

Enter nonempty aligned finite score lists; signed scores are accepted. Return totals and captive, independent or tie label from the larger total.

captiveTotal=ΣcaptiveScores; independentTotal=ΣindependentScores

Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.

Output field	Meaning	Value type
captiveTotal	Captive total	number
independentTotal	Independent total	number
higherScoringModel	Higher-scoring model	string; one of "captive", "independent", "tie"

json

{
  "input": {
    "captiveScores": [
      4,
      2,
      3
    ],
    "independentScores": [
      3,
      4,
      4
    ]
  },
  "output": {
    "captiveTotal": 9,
    "independentTotal": 11,
    "higherScoringModel": "independent"
  }
}

Limitations and assumptions

No objective criteria, weights, producer quality or suitable insurance purchase is determined.

Numeric inputs must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Lists are limited to 100,000 entries; the rules above may require smaller limits. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.

Alternative or Complementary methods

Use Buy-Sell Structure Comparison: Compare caller-assigned criterion scores without making legal or tax recommendations. For a complementary task, use Annuity Payout Comparison: Compare nominal payout totals under caller-supplied durations.

References

Producer Model Comparison — tool.io

Similar or alternative tools

Buy-Sell Structure Comparison
Compare caller-assigned criterion scores without making legal or tax recommendations.
Annuity Payout Comparison
Compare nominal payout totals under caller-supplied durations.