Small business owners need agility to survive, and they want the same from their business partners. If your customers wait days for quotes, outdated tools and processes may be undermining your small commercial growth. But your profitability depends on accurate underwriting. How do you keep it all in balance?
Automated underwriting software can give you more speed, greater accuracy, deeper insights, and a leap toward higher profitability.
Avoid costly misclassification with a comprehensive view of applicant risk using proprietary, verified commercial data and analytics—from just a business name and address.
See each risk more holistically as LightSpeed Small Commercial brings the power of artificial intelligence (AI) models to unstructured data sources.
Shrink quote turnaround time from days to seconds with robust, data-driven analytics that bring customers to bind faster.
Harness machine learning (ML) and artificial intelligence (AI) to get a deeper view into risk at time of quote. Learn how Verisk customers issued 35% more quotes with 20% more policies bound and 65% of risks straight-through processed.
Traditional prefill reveals only part of the story. Leverage unstructured data sources to help enable straight-through processing with actionable insights upfront.
Transform your risk rating and underwriting with exclusive, verified business firmographics and 8-digit NAICS codes, site-verified and Verisk-modeled property data, and location-specific information.
Don’t spend time learning a new platform or interface; LightSpeed Small Commercial smoothly delivers insights from unstructured data—including millions of data points from profiles and reviews—in a single API.
Strengthen your small commercial portfolio with Verisk tools for every stage of the insurance policy life cycle.
Keep property owners better protected with reliable, component-based, claims-driven replacement cost estimates.
Refine pricing and segmentation with the predictive power of hundreds of attributes and environmental factors.