The small commercial market is in a race to zero application questions, and automated underwriting can help you get there. Cost-efficient, no- or low-touch processes, powered by innovation and supported by industry expertise and top-quality data and analytics, can help drive volume in this market with right-priced risks that fit your appetite.
Read the white paper to learn how to integrate data, analytics, workflow and technology and win the race to zero with the help of automated underwriting.
View this Verisk-sponsored, complimentary PC360 webcast to learn how automated underwriting can help you successfully execute your small commercial strategy. See how you can cut through the noise of data overload, leverage insurance-based best practices, and increase straight-through processing.
Bad data can distort pricing, reduce profitability, and potentially put business in your book that exceeds your risk appetite. And then there’s the thorny problem of premium leakage.
To grow and compete in commercial insurance, you need to automate with reliable data—and you need to move fast. LightSpeed delivers.
Need help seizing the opportunity in small commercial? Speed, scale, and increased conversion rates are essential to profitable growth that adheres to your underwriting guidelines and evolving strategy. Fortunately, none of these are mutually exclusive.
Data and advanced analytics can drive everything from decisions on new markets and segmentation to standing up new lines of business in months vs years. Increase speed to market and boost profitability by embracing the new era of digital transformation for commercial lines insurance.
*Source: Verisk research