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.
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.
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
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.
Beyond prefill to automated underwriting
Providing a highly accurate quote in minutes with just a business name and address is the goal. Reaching it requires robust data and risk insights that can help insurers capture new business, retain customers, and become the carrier of choice in the competitive small commercial marketplace.
Automated Underwriting: Winning in the Race to Zero
Automated Underwriting: Winning in the Race to Zero
Insurers can meet customer expectations for speed without sacrificing underwriting accuracy by integrating reliable data and advanced analytics into their workflow to win the race to zero questions.
Understanding the power of AI
How will AI transform small commercial underwriting?
What can artificial intelligence (AI) and machine learning (ML) do for your small commercial insurance business? From creating new sources of underwriting insight to unleashing operational efficiencies, the promise of AI/ML is immense. Gain a deeper understanding of how these innovative technologies can be applied in insurance and see what the future may hold.
Get a clearer picture of your risk exposure with image analytics
Get a clearer picture of your risk exposure with image analytics
Image analytics is helping to transform data-driven underwriting for small commercial insurers, who are under tremendous competitive pressure to increase market share and improve the customer experience. Along with other robust data sources, image analytics can help empower automated underwriting by using computer vision and machine learning to extract actionable insights that can reveal the full range of an insured’s business operations.
Data quality matters
Verisk’s value extends beyond data accuracy. It’s part of the engine allowing us to bring tailored coverages to small businesses.
- GILD Insurance
Additional insights
Cutting through the data noise in small commercial
Small commercial insurance data needs to be clean, relevant, and insightful to support streamlined underwriting without the noise.
Read the article
Robust data and analytics are fast-tracking small commercial underwriting
Harnessing unstructured data introduces more data points, granular information, and timeliness to help insurers underwrite with greater speed and accuracy.
Read the article
The race to zero on a road paved with quality data
Writing small commercial insurance profitably depends on effective underwriting guidelines joined with integrated, high-quality data.
Read the articleComplementary solutions
Want to learn more about how Verisk can help you capitalize on the growing small commercial market?