New accelerator will improve the quality and the method that customers receive data
Duck Creek Technologies the intelligent solutions provider defining the future of property and casualty (P&C) insurance, announces an expanded integration with Verisk. a leading global data analytics provider. Duck Creek’s customers are hyper-focused on providing small business owners insurance quotes as rapidly as possible, and the new accelerator for Verisk’s Lightspeed® Small Commercial will make it easier for agents to do business with them.
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The Anywhere Integration allows Duck Creek’s Businessowner template customers to take advantage of Verisk’s API and access actionable underwriting insights from unstructured data sources developed with artificial intelligence and machine learning. LightSpeed Small Commercial significantly improves data quality and streamlines the quote process by serving up critical underwriting intelligence on nearly every small business in the country.
With just a business name and address, LightSpeed Small Commercial seamlessly integrates to deliver the information needed to perform highly accurate automated underwriting. The solution enables carriers to bind new business in seconds rather than days, helping to boost profitability, elevate the customer experience, and grow their portfolio.
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“We are so pleased to expand our partnership with Verisk and feel confident this new Anywhere Integration will help extend the value of our product offerings, enabling our customers to improve their underwriting results,” said Jess Keeney, Chief Product Officer, Duck Creek. “Verisk is uniquely positioned to help ensure a smooth integration and continued, responsive support, which is top of mind for us in serving the needs of our customers.”
“In the rapidly evolving small commercial market, insurers need easy access to a holistic view of risk based on robust data and advanced analytics,” said Doug Caccese, president of risk assessment, underwriting solutions, Verisk. “By expanding Verisk’s integration with Duck Creek, we are helping insurers enhance their underwriting with critical insights, and make the process of buying insurance simpler and faster for today’s busy business owners.”
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