LightSpeed Small Commercial
What if you could shorten the time to quote from days to seconds?
Powered by innovation and bolstered by industry expertise and unmatched data and analytics, LightSpeed® Small Commercial enables automated underwriting without sacrificing the risk insights that help you compete and grow a profitable book of business.
The Race to Zero: Automated underwriting means more
Speed
Shrink quote turnaround time from days to seconds with robust data-driven analytics and deep risk insights to issue and bind more policies.
Insights
Get a more holistic picture of each risk from LightSpeed’s strategic application of artificial intelligence (AI) models to unstructured data sources.
Accuracy
Enter a business name and address and instantly see a full view of an applicant’s risk, including prefill data, proper business classification, and actionable insurance insights.
Profitability
Accelerate underwriters' quote-to-bind journeys, increasing revenue growth and/or improving loss ratios.
No other small commercial data and analytics platform provides:
![House Icon]()
Insights for nearly all small and medium-sized businesses.
![Proprietary Business Firmographics]()
Proprietary verified business firmographics, site-verified and Verisk-modeled property data, management activity insights, and location-specific information in a single API.
![Seamless Integration]()
Seamless integration of insights derived from unstructured business text and images, including millions of data points from profiles and reviews.
![Trusted Advisers]()
Trusted advisers to help implement digital workflow processes.
![Naics Codes]()
Proprietary 8-digit NAICS codes for deeper classification granularity.
![Verisk Ecosystem]()
Connection to the Verisk ecosystem of solutions for commercial lines insurers, including insurance-specific underwriting data and analytics for commercial properties.
Adding unstructured data to build a more holistic picture
Traditional prefill reveals only part of the story for assessing risk exposure. A rich source of information lies in unstructured data, including webpage text, social media posts, images, and video. Analyzing this data can enable straight-through processing by answering critical underwriting questions up front.
What our customers are saying:
Verisk's unrivaled actuarial expertise, predictive models, and rich underwriting data analytics provide us with a powerful platform for profitable growth.
- Patrick Safino
- COO, Aurenity
Verisk’s value extends beyond data accuracy. It’s part of the engine allowing us to bring tailored coverages to small businesses.
- GILD Insurance
With LightSpeed Small Commercial, we found an innovative underwriting solution that will help us shorten submission forms and automate decisioning, quote generation, and policy issuance.
- Cliff Karlin
- President of Insurance, Blitz
Book Smart: Find hidden risks and opportunities in your small commercial insurance portfolio with this complimentary audit
Book Smart: Find hidden risks and opportunities in your small commercial insurance portfolio with this complimentary audit
Verisk will analyze your existing small commercial portfolio and deliver a spreadsheet showing all available risk attributes. 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.
Brochures
Videos
Webinars
Reports
Podcasts
Leverage the pre-built integration for LightSpeed Small Commercial with Duck Creek to help support seamless workflows.
Additional insights
Insuring Agritainment: Evolving solutions for a 200-year-old business
Insuring Agritainment: Evolving solutions for a 200-year-old business
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Navigating the challenging road ahead for commercial auto insurers
Commercial auto insurers, challenged by the pandemic and inflation, can find guidance in innovations from other lines of business.
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Preparing BOP programs for the coverage needs of a changing world
Shifting behavorial trends are changing the way insurers provide coverage for Businessowners (BOP).
Read the article
