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.
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
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.
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.
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.
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.
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.
Fast, reliable quoting can be easier when you cut through the noise to reveal data that delivers valuable underwriting insights to eliminate most underwriting questions.
Verisk’s value extends beyond data accuracy. It’s part of the engine allowing us to bring tailored coverages to small businesses.
- GILD Insurance
Small commercial insurance data needs to be clean, relevant, and insightful to support streamlined underwriting without the noise.Read the article
Harnessing unstructured data introduces more data points, granular information, and timeliness to help insurers underwrite with greater speed and accuracy.Read the article
Get more reliable, component-based replacement cost estimates that account for virtually all material and labor required to rebuild with 360Value for commercial lines.
Get quick, reliable data on commercial properties to help properly price policies instead of relying on site-unseen information.
Helping insureds improve their risk and lower projected loss costs is a powerful way to get an edge on your competition.
Want to learn more about how Verisk can help you capitalize on the growing small commercial market?
You will soon be redirected to the 3E website. If the page has not redirected, please visit the 3E site here. Please visit our newsroom to learn more about this agreement: Verisk Announces Sale of 3E Business to New Mountain Capital.