One-rate acquisition and quoting
Nearly a third of prospects leave the sales funnel before they're even quoted, and another 30 percent are uprated after the initial quote through the outdated process that leads to "Rate Call 2."2
LightSpeed® can help you keep more business in the pipeline with verified super-leads and a single, bindable quote.
More data up front brings decision points forward in the workflow for better control of your underwriting and a great buying experience. When you capture the profitable customers you want, your investment can more than pay for itself.
Shifting demographics, digital expectations, and competitive forces are transforming personal auto insurance. Our Innovation Paper explores key strategies to help compete in the InsurTech revolution.
LightSpeed Personal Auto is one of the Ready for Guidewire-validated accelerators now available from Verisk in the Guidewire Marketplace.
Learn how a leading pay-per-mile InsurTech uses LightSpeed to simplify the consumer buying experience, increase speed to bind and conversion rates, and lower acquisition costs.
Our insurance consultants can help you refine or apply business rules following your LightSpeed implementation to help ensure that you’re properly classifying risks.
Learn how LightSpeed Auto streamlines the buying process for usage-based auto insurance.
Digital transformation can play a key role in boosting the number of auto insurance customers who make a seamless journey from quote start to bind.Read article
Substantial investments can keep companies anchored to legacy processes, but auto insurers may need to rethink their quote flows to pursue profitable growth.Read article
Insurers are meeting consumers in a new world of expectations set not only by their direct competitors but by retail businesses outside the insurance industry.Read article
Competition and tight margins have driven many personal auto insurers to a sales process in which a customer may see the quoted rate change before bind.Read article
Insurance Nexus, a global provider of insights and events for the insurance industry, has named Verisk as its People’s Choice Innovation Vendor of the Year.Read article