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
Lexis Nexis Risk Solutions’ recent survey revealed that commercial property insurance specialists recognise the potential for data to improve business processes. This infographic illustrates attitudes and perceptions of contributory databases and data enrichment.
How more open attitudes to data enrichment and contributory databases could boost profits for commercial property insurance providers
Research conducted by LexisNexis underlines the growing understanding within the insurance sector of the value that use of data enrichment techniques and contributory databases could offer commercial property insurance providers. Download this report for analysis of the research findings.
LexisNexis Risk Solutions commissioned a survey of 1,500 consumers to ask them about their motor insurance purchasing experiences. This report sheds light on the research findings and the opportunities available for insurers to use data to help identify, acquire or retain profitable motor customers.
90% of personal motor insurers using contributory databases find them either very useful or extremely useful and feel contributory databases could be better used. Based on research conducted by LexisNexis, this infographic illustrates the views of personal motor insurers towards contributory data.
When it’s time to buy motor insurance, consumers are shopping around more than ever before. Based on the results of LexisNexis Risk Solutions’ research, this infographic provides a snapshot of the key findings and the opportunities available for motor insurance providers to stand out from the pack.
LexisNexis Risk Solutions recently completed a comprehensive study on how digitisation is affecting UK home insurers. This report examines current views on the role and potential of data and analytics within the home insurance industry.
How do homeowners feel about their data being used by insurance providers for the purpose of prefilling application forms when applying for cover? This report sheds light on the findings from LexisNexis Risk Solutions’ survey and insurers’ views on the use of prefill and contributory databases.
Based on research conducted by LexisNexis, this infographic highlights: how home insurers are benefiting from data and analytics today; areas where data and analytics can be better utilised; what insurers see as the top five data sources of the future; the value of contributory databases.
Diving together into the information pool: Are insurers putting the power of contributory databases to good use?
This report explores the views held by personal motor insurers covering their perceptions of the benefits contributory databases give, or could give, to their organisations.
A recent study by LexisNexis revealed that managing profitability was the key focus area for UK home insurers, whilst better understanding and managing the risk profile of their book, and increased price competition were cited as significant challenges. Download this report to find out more.