Underwriting and Rating

LightSpeed for Personal Property

Discover a configurable data solution that pulls critical information upfront in the homeowners underwriting workflow.

How can you elevate the customer experience?

A typical homeowners insurance application asks 60 questions—and the resulting initial quote may still need adjustment before bind. A slow process and unreliable quotes can drive customers away in search of a better buying experience. And imprecise data may bring mispriced risks onto your books.

Build a better process

LightSpeed^® for Homeowners supports automated underwriting for personal properties with data that can be used throughout your quote workflow.

Eligibility

Fast-track qualified applicants to quote.

Workflow routing

Create multiple customer experience paths.

Coverage estimation

Produce more reliable replacement cost estimates.

Rating

Determine the right price—the first time—for more risks.

Inspection decisions

Confidently choose between inspection or straight-through processing.

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.

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Steve Lekas

Branch

Co-founder and Chief Executive Officer

These solutions help us build upon a solid and substantial foundation, enhancing our ability to bring tailored coverage options to homeowners across the United States.

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Ty Harris

Openly

Chief Executive Officer and Co-founder

Verisk provides the cutting-edge, InsurTech solutions we need to maintain our policyholder-first mentality as we aim to set the new standard in home protection in an increasingly complex and challenging market.

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David Howard

VYRD

Chief Executive Officer

A wealth of data, a simpler workflow

Speed wins today’s customer, and you can move faster with Verisk’s ecosystem of data-forward solutions for personal property workflows. Digital transformation could be your key to profitable growth.

A wealth of data, a simpler workflow

One platform, ultimate flexibility

We adapt our delivery methods to your business operations, IT environment, and requirements, so you can integrate the information into your rating, policy writing, or consumer quoting systems. Easily incorporate hundreds of data points spanning multiple Verisk underwriting solutions.

One platform, ultimate flexibility

Close Up Of Glasses With Data Reflection

Features and capabilities

Geographic risk data

Consolidate critical exposure data with peril-specific, address-level information to help guide underwriting and pricing.

Property features and condition data

Reduce unreliable homeowner and agent inputs with more dependable data to help you confidently determine insurance to value, verify major component ages, and uncover property condition and liability concerns.

Homeowner data

Gain insight into ownership, occupancy, residents, property use, prior claims, and signs of financial stress that could alter a property’s risk profile.

Related resources

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

Infographic

In-depth household views of risk

Leverage advanced analytics to unlock transformation in personal lines quoting.

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Brochure

Maximize actionable underwriting data at bind and renewal

Evaluating property risk is increasingly complex and data intensive. You can simplify workflows and accelerate underwriting and rating with a consolidated, wide-ranging, and continually updated source.

Download the brochure

Article

Automating more homeowners quotes via efficient, reliable underwriting

Automated underwriting can help homeowners insurers be thorough, consistent, and fast with timely, actionable data and analytics.

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Webinar

Unlocking Transformation in Auto and Homeowners Insurance

Emerging personal auto and homeowners trends have insurance leaders seeking ways to lift the customer experience (CX) while digitizing the quoting process.

View the webinar on demand