LexisNexis® Vehicle Build
Incorporate vehicle safety features information into your quoting, rating and underwriting workflows
LexisNexis® Vehicle Build helps you understand the true benefits of Advanced Driver Assistance Systems (ADAS) in relation to risk at a VIN (Vehicle Identification Number) level so you can be certain about the vehicle you are quoting for.
Increased fitment, variances in car manufacturer technology and naming conventions is driving the need for data-driven ADAS insights so you can price more effectively and underwrite risk more accurately.
Significantly improved loss predictions
Enhanced customer segmentation
Additional pricing elasticity across consumer segments
Deeper understanding of ADAS features and their impact on your book of business.
 |
Better understand definitions of any given ADAS safety feature, its purpose and behaviour, and how it may impact driver safety |
 |
Save time through the convenience of single-source access and standardised, normalised data, regardless of car manufacturer or model |
 |
Improve the customer experience through more efficient and informed decision-making where car safety features are taken into account |
How can Vehicle Build help with more precise pricing and underwriting?
The benefits of Vehicle Build for consumers
 |
Greater understanding of vehicle safety technology, their purpose and potential impact on insurance premiums |
 |
Improved collective road safety as ADAS is proved effective and more widely adopted |
 |
A streamlined customer experience with more accurate, personalised right first-time pricing |
The UK government has signalled its intent to allow the use of Automated Lane Keeping Systems (ALKS) as part of its commitment to reduce road deaths through advances in vehicle autonomy.
In 2020, most new cars in the UK come fitted with Advanced Driver Assistance Systems (ADAS). But do consumers really know what they are buying, what these features do or if they are even activated?
Motor insurance providers across the UK can now start testing LexisNexis® Vehicle Build, a new solution to better evaluate specific Advanced Driver Assistance Systems (ADAS)* to support pricing and underwriting.
Find out how LexisNexis® Vehicle Build could help you
Yes, I'd Like to Learn More About Vehicle Build
Products You May Be Interested In
-
Attract™ for Motor
With a combination of unique data records, insurance providers can now predict risk more accurately.
Learn More -
LexID for Insurance
Connect and link consumer identity data across the enterprise. Build a single, comprehensive view of your customer.
Learn More -
NCD Module
Price more accurately and achieve significant operational savings through automatically validating a consumers NCD history
Learn More -
Policy Insights
Better identify risk and price more accurately through granular insights into an individual's policy history.
Learn More