What is the Race to Zero?
This goal for insurers is the data-driven sprint toward giving customers immediate quotes, with no underwriting questions. Small commercial insurers can cross this threshold and gain a critical competitive advantage through a solution built on rich data, deep industry expertise, and advanced technology, such as Verisk’s LightSpeed® Small Commercial.
The results can be transformative, with a customer experience that drives growth, reliable pricing that drives profitability, and cost savings that flow to the bottom line.
Falling behind, however, could make profitable growth more elusive as efficiency lags, premium leakage persists, and losses mount.
In this webinar, we explore how the Race to Zero moves from aspiration to reality, and what it means in an increasingly competitive and fast-moving small commercial market.
Watch now to learn how to:
- Automate appropriate classification of small business risks – beyond prefill
- Increase throughput and straight-through processing
- Reduce premium leakage and retention risk
Who Should Watch:
Underwriters – Insurance carrier and MGA underwriters, especially small commercial and BOP lines of businesses; Product managers
Presentation Date:
Thursday, July 20, 2023
Speakers:
Othman Loudghiri
Product Director, Small Commercial and Casualty Underwriting
Underwriting Solutions
Gavin Mills ARM, CPCU
Customer Relationship Manager
Underwriting Solutions