Pearl Holding Group Selects Verisk’s Data and Analytics to Streamline Independent Agent Auto Insurance Delivery
October 23 2023 - 9:02AM
Pearl Holding Group (PHG), a holding company and MGA for two
nonstandard auto insurers is harnessing LightSpeed® from Verisk
(Nasdaq: VRSK), a leading global data analytics provider, to help
improve control and save money within its agent distribution
channel.
PHG provides affordable auto insurance to the nonstandard market
using Verisk’s LightSpeed for Personal Auto. By bringing pivotal
underwriting analytics forward in a single data payload, LightSpeed
can streamline workflows and help provide reliable quotes to
consumers in seconds.
“PHG is driving auto insurance into the future. As nonstandard
insurers look to improve accuracy while keeping costs down and
providing affordable coverage, we can work more effectively with
our independent agency channel,” said Alex Singletary, Vice
President of Insurance Programs, of PHG “Verisk’s LightSpeed has
shifted the economics of data usage, so we can capture robust
insights upfront to help us assess risk, accurately rate, and
improve our agent experience.”
LightSpeed is currently used by a range of insurers to help
modernize insurance quotes.
“Delivering a robust data payload at the front end of the
process is a cost-effective strategy that can help insurers to
harness automated workflows, quickly segment risk, and improve the
agent experience,” said Joe Wodark, vice president of auto
insurance underwriting solutions at Verisk. “With Verisk’s
technology and pricing flexibility, PHG is lowering its cost per
acquisition while helping more consumers obtain coverage quickly
and easily.”
To learn more about Verisk’s personal auto solutions, visit
verisk.com/personalauto.
About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and
technology partner to the global insurance industry. It empowers
clients to strengthen operating efficiency, improve underwriting
and claims outcomes, combat fraud and make informed decisions about
global risks, including climate change, extreme events, ESG and
political issues. Through advanced data analytics, software,
scientific research and deep industry knowledge, Verisk helps build
global resilience for individuals, communities and businesses. With
teams across more than 20 countries, Verisk consistently earns
certification by Great Place to Work and fosters
an inclusive culture where all team members feel they
belong. For more, visit Verisk.com and the Verisk
Newsroom.
Mary Keller
Verisk
617-954-1754
mary.keller@verisk.com
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