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Beyond the Buzzword: Understanding the power of AI in small commercial underwriting

AI underwriting is here: Are you ready?

What do you think of when you think of artificial intelligence? New sources of data? Sharper predictive models? Algorithmic efficiency? The Matrix?

For small commercial insurers, at least three of those are distinct outcomes from deploying AI in your operations.

Our new whitepaper dives into the present, and future, of AI for small commercial underwriting, exploring:

  • How AI/ML can create new underwriting data from internal and external sources
  • The advantages and challenges of AI/ML insurance models
  • Achieving workflow automation with the help of AI/MI
  • The role of human underwriters in the AI future
  • What the future may hold for new AI/ML insurance capabilities

If you want a deeper understanding of the strategic potential of AI in your operations, complete the form today.

Download the report

Verisk’s comprehensive data is helping us improve not only our ease of doing business but also our underwriting results.

  • John Eckmair
  • Utica National Vice President and Chief Underwriting Officer

How Verisk can help

Race To Zero

How Verisk can help

Streamlining the underwriting process requires confidence in the quality of the data you rely on to make decisions. Using a data provider with broad insurance industry expertise can translate into a nuanced understanding of the insights generated by image analytics. Verisk data scientists continually test and develop models to ensure the level of reliability needed to provide actionable underwriting insights that can help you sustainably grow your portfolio and boost profitability.

Integrated directly into LightSpeed® Small Commercial, image analytics paired with other robust data sources can provide insurers with a holistic underwriting solution that helps refine risk assessment and improve customer and agent experiences.

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