LexisNexis® Risk Insights
A data resource that looks wider and deeper to provide you with a comprehensive view of policy risk
What is LexisNexis® Risk Insights?
Risk Insights is an insurance-specific enrichment solution, created using a unique combination of public records and proprietary data to help strengthen your quoting and underwriting processes.
Risk Insights provides risk assessment at an individual, household and postcode level and is exclusively positioned to provide intelligence on proposers, named drivers and additional policyholders all in a single transaction.
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Improve quotability – Gain the ability to match more individuals at the point of quote helping you to widen your footprint and quote more business |
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Improve loss ratios – Build a clearer picture of a policy's risk by performing risk assessment of each individual associated with the policy |
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Reduce operational costs – Predict the risk of cancellation more accurately, in-turn cutting the associated costs |
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Increase resilience – Flexible deployment through LexisNexis® Informed Quotes to complement existing data enrichment strategies |
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Underpinned by our powerful linking and matching technology, allowing us to combine disparate records from across our vast data universe to create a single view of the consumer. | |
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Provides individual-level rating factors on up to 10% more individuals than any other market solutions, supported by granular information on the type of match rate achieved. | |
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Delivers additional intelligence into your existing underwriting processes or workflows at point of quote, renewal or when adding individuals to the policy, enabling more accurate pricing decisions throughout the customer lifecycle. | |
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Our flexible implementation through LexisNexis® Informed Quotes allows Risk Insights to form the backbone of your data enrichment strategy, or supplement existing data to provide a more comprehensive view of a policy’s risk. The service is available direct or through all the major software houses. |
As the impact of ongoing political and economic uncertainty on small businesses becomes evident in slowing productivity, there is a heightened need for the insurance market to support the small business community with premiums that fully reflect their risk.
There are several paths available for our customers to go through the process of fully contributing to the databases we operate. The path chosen for a particular insurer or broker will depend on the specific needs of that company and any issues they present explaining why they are not ready to contribute.
Verified data is a vital component in the insurance industry’s ongoing fight against casual motor insurance fraud, as it can help effectively manage risk at the point of underwriting and also help the claims team in identifying fraudulent claims.
Find out how LexisNexis® Risk Insights could help you
Yes, I'd Like to Learn More About Risk Insights
Please call +44 (0)800 130 3002 or complete the form and we will be in touch shortly to discuss your requirements.
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