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
Insurance providers need to up the ante in their predictive capabilities as the frequency and severity of extreme weather-related events continue to escalate. This article highlights why insurers should face up to the winds of climate change and use predictive modelling to mitigate risks.
In this podcast, Tom Lawrie-Fussey, automotive director at LexisNexis Risk Solutions UK and Ireland highlights how given claims inflation, sophisticated and detailed data could offer insurers a competitive edge. Watch this episode to find out more about the evolution of sophisticated vehicle data.
Uncover consumer perceptions of non-annualised policies (NAPs) and their growing value in the motor insurance market
Motor insurance is changing as consumers’ needs change. A combination of various social and economic factors are altering the way many UK consumers use their cars. This white paper sheds light on consumer perceptions of non-annualised policies and their growing value in the motor insurance market.
Analysis by the Environment Agency indicates that there could be a large increase - of up to 50% - in the number of houses built on flood plains over the next 50 years. This blog highlights how home insurance providers can leverage geospatial data to mitigate flood risk exposure.
Evidence is mounting that the insurance industry will soon need to reshape its business models in response to climate change, but only a few stakeholders have taken meaningful action. This blog highlights how insurers can leverage data Insights to help mitigate climate risk.
The difference between insurance and assurance provides a useful illustration about insurance and peace of mind in today’s digital world. This blog highlights the challenges facing insurers as they strive to provide frictionless customer journeys and how innovations such as open insurance can help.
There is little doubt the insurance industry will need to adopt a ‘data first’ approach to provide effective claims management processes in the future. This blog highlights why putting data first may take a change in mindset and the importance of taking a holistic approach to claims assessments.
Insurance continues to push for modernisation and innovation but meeting the customer’s continually rising expectations for a seamless digital experience is no easy task. From blockchain to open business conversations between teams, this blog highlights how insurers can drive innovation.
Customer data management and identity solutions have emerged to allow insurance providers to process claims quicker from verified parties while adding appropriate review processes for high-risk claims. Read this short blog to find out more about the potential benefits.
Two-thirds of home insurance consumers think it is somewhat, or completely acceptable to manipulate the information they provide to price comparison sites to keep prices down. This blog highlights how access to contributory claims data could help home insurers tackle opportunistic claims fraud.