When every picture tells a story: How image analytics is transforming data-driven underwriting for small commercial insurers
Get critical insights for small commercial underwriting
How much do you know about the risks in your portfolio—and what might you be missing? It can be a challenge to understand many potential exposures when you rely on a traditional insurance application for data.
Find out how Verisk is leveraging artificial intelligence, machine learning, and computer vision to analyze millions of online images to:
- Generate meaningful and practical insights into the business activities and attributes that directly impact premiums, claims, and coverage.
- Streamline and automate underwriting by giving a more comprehensive picture of a risk in seconds rather than days.
- Help insurers attract and retain best-in-class businesses by using insights derived from image analytics to identify and reward businesses that actively mitigate risk.
Small commercial insurers are racing to reduce underwriting questions to zero, and image analytics technology—along with other robust data sources—can help accelerate your digital journey.
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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
Book Smart: How to find hidden risks and opportunities in your small commercial insurance portfolio
Book Smart: How to find hidden risks and opportunities in your small commercial insurance portfolio
Tap into complete business profiles that help uncover full hazard, exposure, and operational information for cleansing portfolios, aligning coverage, and pricing with exposure-based or actuarially modeled risk correlations.
How Verisk can help
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.