Commercial PreQuote
Data enrichment designed to deliver predictive information into your quote workflow to help you present more accurate quote requests to market
Commercial PreQuote
Data enrichment designed to deliver predictive information into your quote workflow to help you present more accurate quote requests to market
Validate customer-provided data prior to quote
Commercial PreQuote from LexisNexis® Risk Solutions is a data enrichment solution developed specifically for brokers serving businesses and sole traders, that helps streamline the customer journey, reduce referrals and prevent fraud, all while keeping treating customer fairly (TCF) at the heart of everything you do.
By bringing together three datasets you can validate customer-provided data prior to quote as an integral and streamlined part of the e-trading process. Commercial PreQuote provides confidence that the data used for pricing and underwriting is valid and accurate, helping to eliminate unnecessary delays, support the due diligence process and reduce friction with your customers.
What can Commercial PreQuote do for your business?
Give your insurer panel confidence by improving the overall due diligence process and reducing the rate of referrals
Streamline the customer experience by validating customer data prior to quote
Submit quotes with better accuracy by gaining a deeper understanding of the risk, allowing for more straight through pricing
Identify potential fraud more quickly through automated data validation
A suite of solutions
Commercial PreQuote brings together three core datasets to help expedite the customer journey and reduce referrals.
LexisNexis® Property Insights
A property data enrichment solution that leverages extensive property characteristic datasets to help brokers validate and capture the actual risk of the property associated with the policy.
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Leveraging property characteristics data at the point of contact facilitates a more holistic understanding of the risk by focusing on the individual property itself. |
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Speed up the quote process for customers, cut dropout rates and improve ratings inputs. |
Business Information
A unique dataset offering a further layer of validation through the confirmation of name, address and directors of the business.
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Manage risk and make decisions that help increase profitability across your book of business. | |
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Gain access in real time, at point of contact, into both limited companies and unincorporated businesses. |
LexisNexis® Risk Insights
This insurance-specific customer verification and enrichment solution offers attributes derived from public and proprietary data, combined with the ability to match and link disparate customer records so that brokers can validate the risk related to the individual behind the business.
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Provides information at individual and area levels to help validate the risk prior to quote. | |
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Combines public records information from the CCJ and Insolvency databases with LexisNexis proprietary sources to provide a more accurate view of an individual. |
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Matches more individuals at the point of contact, helping you capture more accurate information and reduce referrals. |
