Openly Modernizes Homeowners Insurance with Growth Strategy Driven by Verisk Data – The Bakersfield Californian

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Up to date: November 29, 2022 @ 6:23 am

JERSEY CITY, N.J., Nov. 29, 2022 (GLOBE NEWSWIRE) — Brazenly, a rising supplier of house owners insurance coverage, is delivering a contemporary, simplified buyer expertise powered by superior know-how and knowledge from Verisk (Nasdaq: VRSK), a number one international knowledge analytics supplier.

With Verisk’s LightSpeed® for Owners platform, Brazenly is amplifying their data-forward technique that optimizes the ordering of ranking and underwriting data in actual time and helps unbiased brokers ship modern merchandise and repair to householders. Brazenly is leveraging LightSpeed to assist its efforts to boost the quoting course of for unbiased brokers, refine underlying fashions and proceed its worthwhile progress into new states.
“With Verisk, the Brazenly workforce discovered an abundance of broad, new and actionable underwriting and ranking knowledge to assist us drive automation and refine segmentation in danger evaluation and pricing,” stated Ty Harris, chief govt officer and co-founder of Brazenly. “These options assist us construct upon a stable and substantial basis, enhancing our potential to deliver tailor-made protection choices to householders throughout america.”
Information delivered by Verisk’s LightSpeed platform contains loss historical past, address-level hazard publicity, fireplace safety rankings, reconstruction prices, home-owner traits, aerial imagery and a variety of intelligence on property historical past and situation. Brazenly will use this knowledge at level of quote after which throughout the coverage life cycle to trace adjustments—from occupancy particulars to renovations—that will have an effect on coverages, pricing and eligibility at renewal.
“In as we speak’s difficult economic system, worthwhile progress is high of thoughts for property insurers,” stated Doug Caccese, president of danger evaluation, underwriting options at Verisk. “Our collaboration with Brazenly is a robust instance of how digitally enabled experiences may help rework the way in which insurance coverage is purchased and offered, even in conventional channels, and in the end, assist enhance their backside line.”
Study extra about LightSpeed for Owners, which may help ship a complete view of property danger.
About Verisk
Verisk (Nasdaq: VRSK) offers data-driven analytic insights and options for the insurance coverage and vitality industries. Via superior knowledge analytics, software program, scientific analysis and deep business information, Verisk empowers prospects to strengthen working effectivity, enhance underwriting and claims outcomes, fight fraud, and make knowledgeable selections about international points together with local weather change and excessive occasions in addition to political and ESG matters. With places of work in additional than 30 international locations, Verisk constantly earns certification by  Nice Place to Work and fosters an inclusive tradition the place all workforce members really feel they belong. For extra, go to and the Verisk Newsroom.
About Brazenly
Brazenly  is a Boston-based premium householders insurance coverage firm. Its centralized platform gives complete protection utilizing superior pricing fashions. Based by business veterans in 2017, Brazenly is devoted to delivering fashionable and clear householders insurance coverage and empowering unbiased brokers throughout America. For extra data, go to  or

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Media Contacts: Ali Herbert for Verisk 201-469-3998 [email protected] Catharine Rybeck Caliber Company Advisers for Brazenly [email protected]
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Originally posted 2022-11-29 15:02:09.

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