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
Presenting data visually accelerates perception and helps to reduce cognitive load. This blog highlights how visual imagery speeds up the ability to assess risk and the data visualisation tools available within the insurance market.
This blog highlights the increasing threat posed by windstorms in the UK, why property insurance providers are building windstorm data into their pricing at point of quote and how geospatial mapping technology enables insurers to manage their exposure as a storm unfolds.
M&A activity, providing fair value to customers, pricing transparency and high levels of switching have made customer data management a key challenge for insurers. This blog highlights how ID matching can help insurers build more transparent pricing and a better customer journey.
No-one can afford to be slow when handling insurance claims in the modern insurance space. This blog highlights the importance of hyper-personalisation and why the data platforms of the future hold the key to delivering an intimate customer experience.
The pandemic has certainly reminded us all of the need to prepare for the unexpected and that not all risks can be assessed based on historical data. This blog focuses on the factors impacting the changing risk landscape and how technology infrastructure is reshaping the insurance industry.
The insurance industry has become more competitive every year and those insurance companies who can improve their business practices through the use of data and analytics will be the winners. This blog highlights how data and analytics are transforming the insurance market.
As the use of perils data has become ‘the norm’, risk analysis in home insurance needs to move on to the next level. This blog highlights how data attributes based on property characteristics, and more granular details of past claims could provide the answer for home insurance providers.
Based on research conducted by Insurance Post and LexisNexis Risk Solutions, this spotlight looks at the forces shaping the motor insurance landscape. Topics covered include the changing behaviours of motor policyholders, the FCA policy statement and the future of motor insurance pricing practices.
When it comes to filing home insurance claims, consumer perceptions around premiums and claims experiences can impact renewals and even customer honesty. Based on a recent study of over 3,000 homeowners and renters, this content reveals the factors that impact fraud risk.
A lack of access to comprehensive claims data means home insurers may be unaware of an increase in both the temptation and opportunity for consumers to commit fraud. This report focuses on why consumer attitudes and preferences make access to accurate claims data an urgent priority.