In the fiercely competitive market for small commercial insurance, carriers and brokers are no longer just talking about digitization—they’re making it a reality.
By embracing digitization fueled by high-quality data and analytics, carriers and brokers can provide customers a more seamless experience—from application and underwriting to pricing and backend operations.
But digitization is a journey, not a destination, and every business is on a unique path. Watch Verisk’s Tracey Waller, director of small commercial underwriting, as she shares insights into the key trends behind the digitization of small commercial insurance.
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.