Verisk’s Tracey Waller Wins Business Insurance 2022 Breakout Award
June 09 2022 - 8:00AM
Tracey Waller, director of small commercial underwriting at Verisk
(Nasdaq: VRSK), has won a 2022 Breakout Award from Business
Insurance magazine. The Breakout Award honors 40 top professionals
on track to be the next leaders in the risk management and
property/casualty insurance industry.
In this year’s highly-competitive field, Waller was recognized
for her work leading the development, launch and ongoing success of
Verisk’s innovative solution, LightSpeed® Small Commercial. The
solution delivers holistic insights on business risks in seconds
and can help small commercial insurers win the race to zero
questions on insurance applications. The proprietary artificial
intelligence and machine learning platform leverages text and image
analytics and over 60 new data sources to deliver robust
underwriting insights. These insights, available on nearly every
small and mid-sized business in the country, can be accessed by
insurers using only a business name and address.
Understanding client needs was central to the development of
LightSpeed Small Commercial and critical to its ongoing success. In
today’s small commercial market, insurers are looking for new
sources of data and insight to enhance their underwriting while
leveraging greater automation to drive efficiency and scale. While
many personal lines carriers have embraced accelerated underwriting
based on rich datasets of individual risk, many small commercial
insurers were limited by a lack of viable solutions. To address
this critical gap, Waller oversaw the development of the solution,
working with Verisk’s data scientists, product, legal, sales and
marketing teams. Waller served as a critical bridge between
internal and external stakeholders, leading customer engagements
and helping her internal team execute on clients’ business
priorities.
“Tracey saw an industry challenge and approached the solution
with vision, creativity and dynamic leadership,” said Ron
Beiderman, senior vice president, commercial lines underwriting
solutions, at Verisk. “The Business Insurance Break Out Award is a
reflection not simply of her success in product innovation, but in
nurturing the next generation of leaders at Verisk. From mentoring
her teammates and direct reports, to forging strong relationships
across our organization and our industry, Tracey truly exemplifies
Verisk’s values.”
Waller and fellow Business Insurance 2022 Breakout Award winners
are profiled in the June 2022 issue of Business Insurance magazine
and on BusinessInsurance.com.
About Verisk Verisk (Nasdaq: VRSK) provides
data-driven analytic insights and solutions for the insurance and
energy industries. Through advanced data analytics, software,
scientific research and deep industry knowledge, Verisk empowers
customers to strengthen operating efficiency, improve underwriting
and claims outcomes, combat fraud and make informed decisions about
global issues, including climate change and extreme events as well
as political and ESG topics. With offices in more than 30
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.
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Media Contact
Michelle Pantina
Verisk
551-500-7327
michelle.pantina@verisk.com
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