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
Aligning a small commercial insurance book with reality—and strategy
A portfolio analysis can uncover new risks, reveal opportunities to true up coverages, and show where rate increases may be warranted
Read the article
Introducing Verisk’s insurance coverage and regulatory legal team
This spring, we’re welcoming Verisk’s legal team into a public conversation with our customers.
Read the article
Underwriting innovation: The 2022 year in review
Here's what we here at Verisk accomplished in 2022.
Read the article
