
Accelerate data-forward quoting and modernize buying journeys to keep more business in the pipeline and boost conversion rates.
Vendor
Verisk
Company Website
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. Burdensome insurance applications cause a third to half of prospects to drop off before they’re quoted. And multiple rate calls cause 30 percent of quotes to be uprated at bind—compounding a poor customer experience.
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.
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.