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
A study of insurance professionals investigated if and how insurance providers are making the most of their available data and what can be done to ensure effective risk management in the future. This infographic highlights how commercial insurers are using data to manage risks.
Based on research conducted by LexisNexis Risk Solutions, this whitepaper focuses on how commercial motor and commercial property insurance providers are harnessing the power of business data to inform risk management, and why some providers are not yet using this data.
Two out of five consumers think it is acceptable to omit or adjust information given to motor insurance providers to get a better price. This infographic sheds light on consumer attitudes towards motor insurance fraud and what insurers can do to convince consumers to provide honest information.
To understand motor insurance consumers’ attitudes towards misleading insurers, and to find out which groups of consumers are most likely to try to do this, LexisNexis Risk Solutions commissioned a survey of 1,500 UK consumers. This whitepaper provides analysis of the research findings.
This whitepaper provides analysis of LexisNexis Risk Solutions’ research into the role telematics plays in reducing UK road casualties and presents a five-point plan to help encourage more motorists to adopt telematics-enabled insurance products.
A survey of 1,500 motor insurance buyers reveals how customers perceive insurance premiums and what could improve the disconnect between price and perceptions. This infographic illustrates consumer attitudes and how motor insurance providers can develop stronger relationships with their customers.
Curing consumer scepticism with technology and education: Why motor insurance providers must make better use of data to demonstrate value and reward loyalty
This research report demonstrates that there are opportunities for motor insurance providers to safeguard and grow market share by using technology to improve pricing accuracy and competitiveness; and to appeal to consumers’ expectations that any loyalty they show to a provider should be recognised.
In this blog post, Alan O’Loughlin, head of analytics and statistical modelling at Lexis Nexis Risk Solutions, highlights how insurers can gain a strategic advantage over their competitors by maximising their data models to create more intelligible insights.
Based on the results of a recent LexisNexis Risk Solutions survey, this infographic illustrates consumer attitudes to having their data shared to prefill home insurance applications.
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.