LightSpeed

5/7/2024 - 1 min read

Faster Classification for Small Commercial Underwriting

Learn more about increasing the power and reliability of precise NAICS codes in small commercial underwriting.

11/28/2023 - 4 min read

Auto Application Fraud up 18%: New Approaches to Help Mitigate Risk

Artificial intelligence powers search-and-match algorithms that improve hit rates and predictive analytics help identify insurance fraud.

10/26/2023 - 2 min read

Automate to Accelerate: Keeping Pace With the Small Commercial Market

Learn how LightSpeed Small Commercial can help insurers classify, quantify, and qualify risks for more automated underwriting.

5/30/2023 - 3 min read

Bringing a BOP program to market with comprehensive tools and support

The ISO businessowners policy program is ready out of the box to meet many carrier requirements

5/16/2023 - 3 min read

Innovative VIN Decode Solution for Commercial Auto Insurance

Understanding vehicle risk is critical to improve segmentation, refine pricing and enhance profitability. Gain insights from 50+ components.

5/1/2023 - 2 min read

It’s a good time for insurers to consider a businessowners program

Solutions to ease entry into the businessowners policy program market and sustain that business across the value chain.

3/28/2023 - 1 min read

Aligning a small commercial insurance book with reality—and strategy

A portfolio analysis can uncover new risks, reveal opportunities to true up coverages, and show where rate increases may be warranted

11/2/2022 - 2 min read

Clear away obstacles to fast, profitable small commercial underwriting

Prefill application details, amplified with analytics, can fuel small commercial underwriting automation by tapping unstructured data

10/21/2022 - 3 min read

Reimagine small commercial underwriting with better, broader data

Automated underwriting requires high-quality data. The quote must be informed by a holistic view of the applicant’s risk profile.

5/19/2022 - 1 min read

Not a monster: How insurers can accelerate their digital transformations, one step at a time

With automation and analytics advancing at a rapid pace, many insurers are looking to transform the experience of buying commercial coverage.

5/5/2022 - 7 min read

Between a rock and a hard market: Solutions for personal auto

Personal auto insurance is set for a hard market in 2022 as claim frequency and severity rise amid inflationary pressures and risky driving.

3/31/2022 - 1 min read

Personal lines insurance quoting can be a smoother journey—no kidding

Personal lines insurers seek fast quoting for better customer experiences (CX), but they also need rigorous cost and underwriting controls.

3/11/2022 - 4 min read

How to extract more value from auto insurance underwriting data

Competition and growing digital information sources demand that auto insurers balance underwriting data consumption with cost efficiency.

3/2/2022 - 3 min read

Automating more homeowners quotes via efficient, reliable underwriting

Automated underwriting can help homeowners insurers be thorough, consistent, and fast with timely, actionable data and analytics.

2/17/2022 - 4 min read

Insurers get a clearer picture of risk exposure with image analytics

Verisk is using image analytics technology to extract meaningful insights from images to help streamline small commercial underwriting.