About This Tool
This calculator helps you determine the probability of winning an RFQ submission based on key factors including coverage amount, policy start date, and policy type.
How It Works
- Coverage Amount: The total coverage amount of the policy
- Policy Start Date: The time until policy start (e.g., "1 Month", "2 Months")
- Policy Type: The type of insurance policy being requested
Calculation Method
The win probability is calculated using a logistic regression model that considers:
- Policy type impact on probability
- Time to policy start
- Coverage amount (normalized)
Tips
- Enter coverage amount as a positive number
- Policy start date should be in the format "X Month(s)"
- Select the exact policy type from the dropdown
- Probability is displayed as a decimal between 0 and 1
Probability Categories
- High: ≥ 0.7 (70% or higher)
- Medium: 0.4 - 0.69 (40% - 69%)
- Low: < 0.4 (Below 40%)