- Metromile Inc (NASDAQ:MILE) announced an integration with Verisk Analytics, Inc’s (NASDAQ:VRSK) LightSpeed Auto to simplify the consumer buying experience, increase speed to bind and conversion rates, and lower acquisition costs.
- LightSpeed Auto is a digital underwriting platform that combines extensive data resources and predictive analytics from Verisk. It enables insurers to shorten application questionnaires and allows for more than 400 underwriting data elements to be delivered upfront at the point of quote.
- Digital solutions eliminate hidden costs of outdated insurance models; with LightSpeed Auto, underwriting attributes, including data on drivers, vehicles, coverages, licensing, violations, and losses, can now be delivered in real-time and in a single transaction.
- Price Action: VRSK shares are trading lower by 0.21% at $197.10, and MILE higher by 4.29% at $4.26 on the last check Tuesday.
Hollysys Sees FY21 Revs $560M-$595M Vs $547.8M Est
Outlook
"The Company provides an update on its financial outlook for the year ended June 30, 2021 ("FY2021"), an update from the outlook provided on August 13,
