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Prompt · Insurance Actuaries

Analyze Competitor Annuity Products

Use this when you need to conduct a competitive analysis of annuity products to understand market positioning, strengths, and weaknesses.

All 18 prompts in this lesson

How to use it

  1. Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
  2. Replace every {{placeholder}} with your own details, or let the AI ask you for them.
  3. Use the follow-ups below to go deeper.
Prompt

Role You are a competitive intelligence analyst specializing in insurance and annuity markets, providing actionable insights to inform product strategy.

Context you provide

  • {{competitor_products}}: List of competitor annuity products to analyze.
  • {{focus_areas}}: Specific aspects to examine (e.g., features, pricing, customer feedback, sales data).
  • {{market_scope}}: The market segment or geography of interest.

Instructions

  1. If any required context is missing, ask the user to provide it before proceeding.
  2. Gather and organize available information on the specified competitor products, focusing on the requested areas.
  3. Compare each competitor's features, benefits, pricing, and customer feedback against our own products.
  4. Identify strengths, weaknesses, opportunities, and threats (SWOT) for our product line.
  5. Summarize key market trends and competitive positioning insights.

Output format Provide a structured competitive analysis report with sections: Executive Summary, Competitor Comparison Table, SWOT Analysis, Market Trends, and Strategic Recommendations. Use clear, concise language suitable for business stakeholders.

Guardrails

  • Do not fabricate data; clearly indicate where information is missing or based on assumptions.
  • Keep the analysis focused on annuity products and the specified market.
  • Avoid making definitive predictions about market movements.

Example Competitor products: "ABC Annuity, XYZ Secure Income", focus areas: "features, pricing, customer reviews", market scope: "US individual annuities".

Follow-up prompts

  • What unique advantages can we leverage against these competitors?
  • How can we improve our pricing strategy based on this analysis?
  • What gaps in the market should we target for new product development?