Personal lines insurers are on a continual quest to get there faster—“there” being real-time quotes that deliver better customer experiences (CX) and improved conversion rates. But it can be a struggle to balance control of data costs with the need for accurate underwriting to support risk-appropriate, reliable initial quotes.
The Laugh Ratios comic strip below reminds us that technology and speed are often inseparable: One powers the other and keeps raising expectations. LightSpeed® for Personal Lines demonstrates this principle with a technology-driven, data-forward approach that can help automate underwriting and pricing to support the right quote the first time.
Have a laugh here, and then see how Verisk may be able to help you take serious strides toward digital transformation in personal auto and homeowners quoting.