At LexisNexis Risk Solutions, we believe in the power of data and advanced analytics for better risk management. With many years of expertise, we are the trusted data analytics provider for organisations seeking actionable insights to manage risks and improve results while upholding high standards for security and privacy. LexisNexis Risk Solutions serves customers in more than 100 countries and is part of RELX Group, a world-leading provider of information and analytics for professional and business customers. For more information, please visit risk.lexisnexis.co.uk/insurance
As insurance looks back on a difficult period for customers, for tackling insurance fraud and for claims – it’s important to come together as a community and respond with solutions in the industry. The blog highlights how the insurance industry can overcome consumer cynicism to help tackle fraud.
What's it like to work in the field of data science? In this vlog, Alan O’Loughlin, data analytics leader for international markets at LexisNexis Risk Solutions describes a typical day in the life of a data scientist and provides practical advice on building a career in data science.
A large number of policyholders in our LexisNexis Risk Solutions research continue to express cynicism or dissatisfaction with the insurance claims process. This blog highlights some of the key findings including the relationship between insurance claims experience and loyalty.
For property fire risks we can establish fairly accurate tipping points, which allow the insurance industry to calculate risks, and the ensuing cost of claims, with greater precision. This blog focuses on new data to deal with fire tipping points for better insurance risk classification.
Remaining competitive and profitable when there are multiple disruptive factors requires a full understanding of the impact on the insurance business, and where you can apply advanced analytics techniques. This blog highlights three approaches for embedding analytics in insurance processes.
In this interview, Alan O’Loughlin, senior director, head of data science international at LexisNexis Risk Solutions discusses recent changes in how data is being applied in the insurance market, how new insurance insights emerge and whether data demands will shift.
Customers are open to more automation in services such as insurance applications, form filling and claims. But there are lingering consumer concerns about data privacy. This blog highlights the importance of accessing vital data at point of quote, for risk-based decisioning on personalised products.
It’s generally accepted that the insurance industry is braced for a rise in fraud attempts, and with financial pressures arising we can expect new types of fraudulent activity. This blog highlights the latest fraud trends and how insurers can leverage analytics in the fight against insurance fraud.
Customer needs and expectations have shifted, risk regulation is changing and insurance providers need to keep pace through use of data. This blog highlights how data can help ensure the right cover is offered at the right price, and empower insurance providers to help customers mitigate risks.
Data and accuracy are key to controlling property risk, yet some in the industry are still using outdated postcode files to assess property level flood risk at point-of-quote. This blog highlights how LexisNexis® Map View helps property insurers to obtain point-of-quote intelligence.