Three in four UK insurers favourable to household claims contributory data enhancements

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Around half of UK home insurers currently find value in data enrichment and the principles of contributory data. Interest in data enrichment has been increasing and insurers overall agree that increased emphasis on data security, on data in the claims space, as well as use of data to understand behavioural risk of individuals, will contribute to the increasing value of data enrichment.

These were some of the findings from our LexisNexis Risk Solutions Home Insurers Study, surveying 77 leading insurers on their attitudes to current and future potential data sources.

This blog highlights some of the key findings and how home insurers can reap the benefits of claims contributory data enhancements.