Verisk announces integration of LightSpeed solution in Guidewire Marketplace

Verisk has announced the integration of its LightSpeed Small Commercial solution onto Guidewire Marketplace. This integration can help small business insurers automate underwriting workflows and bind new business in seconds. LightSpeed Small Commercial quickly provides insurers with reliable exposure data including the minimum core attributes needed in an automated process as well as insights for more informed decision-making with only the input of basic information. “Insurers face the challenge of delivering quotes at a rapid pace while meeting business growth and profitability targets,” said Elizabeth Casas, vice president of commercial lines underwriting at Verisk. “When it comes to small business insurance coverage, it’s all about the details. Our LightSpeed Commercial accelerator accurately optimizes in seconds, and now it will enable Guidewire customers to enhance operational efficiency, better serve customers, and drive profitable growth.”