Underwriting and Rating

LightSpeed for Personal Auto

Modernize insurance buying. Reduce multiple rate calls. Deliver reliable, bindable quotes in seconds.

A third of personal auto prospects leave the sales funnel before they’re quoted

A typical bindable quote can take 7 to 15 minutes to generate under the built-in delays that come with inefficient processes.¹ Burdensome insurance applications cause a third to half of prospects to drop off before they’re quoted.² And multiple rate calls cause 30 percent of quotes to be uprated at bind—compounding a poor customer experience.³

Digital insurers will own the future

In the modern era of insurance buying, a quicker quoting experience for your customers is non-negotiable. Unlocking one-rate acquisition with LightSpeed® for Personal Auto could be your key to multiple competitive advantages.

Effortless applications

Enhance quoting with minimal inputs and superior accuracy through an advanced, data-forward approach on a modern personal auto underwriting platform.

Rapid quoting

Reduce rate calls and slash quote times by 50%-85%, ensuring lightning-fast customer service.

Unleashed growth potential

Broaden your sales funnel and complete more quotes, all while keeping acquisition costs in check, powered by our flexible pricing model.

Revolutionized shopping

Delight customers, boost conversion rates, and achieve profitable growth through personalized workflows and tailored solutions.

Noblr’s success will be dependent on aligning our processes with the increasing digital demands of our policyholders. Seamless access to all discovery data at the initiation of the quote process allows Noblr to optimize policyholder conversion, partner revenue, and underwriting results.

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Gary Tolman

Noblr

CEO and cofounder of Noblr and former CEO and president of Esurance

 Verisk is ahead of the curve in offering data to its insurer customers in novel ways that allow us to generate new value for the insurance consumer. By embedding high-quality risk data deeply within our underwriting, we can deliver on the vision of a better experience for the modern insurance buyer.

Steve Lekas

Branch

Co-founder and CEO

Verisk’s LightSpeed has shifted the economics of data usage, so we can capture robust insights upfront to help us assess risk, accurately rate, and improve our agent experience.

Alex Singletary

Pearl Holding Group

Vice President of Insurance Programs

Streamlined integration is elevating digital quoting for regional auto insurers. Agile players can innovate on a larger stage via seamless, connected LightSpeed experiences.

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Features and capabilities

Interconnected data

Start with minimal application data—name, address, date of birth, or even phone number—to drive precise insurance prefill incorporating household-level risk insights.

Streamlined integration

Optimize IT resources with an award-winning, all-in-one, insurance-ready platform, saving valuable time and effort.

Fraud detection

Validate application quality and uphold rating integrity in near real-time.

Powerful prefill

Experience precision at scale with our industry-leading prefill and unlock the full potential of comprehensive data and analytics to power digital insurance quoting.

Data-forward pricing

Propel leads through the sales funnel with our innovative model while minimizing cost per acquisition.

Customized workflows

Create agile processes for seamless multi-channel experiences, including innovative use cases such as embedded insurance.

Related resources

Stay in the know about important industry trends and innovative solutions.

White paper

Unlocking One-Rate Auto Insurance Acquisition

Fundamental market shifts are transforming personal auto insurance. How can insurers unclog the sales pipeline and boost customer loyalty?

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Case study

Elevated Digital Quoting for Two Regional Auto Insurers

Learn how simplified integration enabled innovators to compete on a larger stage, boosting conversions, and profitability, and improving customer experiences.

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Press release

Branch Accelerates Growth and Customer Satisfaction with Verisk’s In-Depth Views of Household Risk

Branch is delivering fast, simple transactions for consumers that improve the customer experience and lift conversion rates by integrating granular reliable data...

White paper

Innovation Strategies for Auto Insurance Underwriting

This paper explores strategies for moving innovation forward in auto underwriting.

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Commercial And Personal Auto Insurance Digitization

Article

Transform auto quote experiences for what comes next

Increasing speed is becoming the norm for auto insurance quotes, driving digital transformation and data-forward strategies.

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Brochure

LightSpeed for Personal Auto

Accelerate the auto insurance-buying experience and streamline straight-through processing with a real-time acquisition platform designed to enhance digital transformation, complete with prefill on a range of key drivers and vehicle data.

Download the brochure