Utica National Accelerates Digital Transformation with Small Commercial Data and Analytics from Verisk JERSEY CITY, N.J., June 14, 2021 (GLOBE NEWSWIRE) -- The member companies of the Utica National Insurance Group are accelerating the digital transformation of its underwriting process with an ecosystem of robust data solutions from Verisk (Nasdaq: VRSK), a leading global data analytics provider. Utica National is using LightSpeed ® Small Commercial from Verisk to help automate underwriting, improve customer and agent experiences, and ultimately reach the finish line in the race to zero questions needed on small commercial insurance applications. Utica National and other insurers who write small commercial accounts often face inefficient quote-to-bind processes, frustrating and cumbersome application processes for business owners, and underwriting data that are often inaccurate or incomplete. The market faces challenges when data isnt granular enough to classify risks accurately and uncover insights into a businesss operations. When Utica National decided to expand its relationship with Verisk earlier this year, the insurer took much more than robust data analysis into account. Verisk was able to offer us comprehensive data to help us improve not only our ease of doing business but also our underwriting results, said John Eckmair, Utica National Vice President and Chief Underwriting Officer. Not only was this data comprehensive, the accuracy and match results consistently outperformed the market.