Data is everywhere, right? Wrong. Data in the insurance world is traditionally hard to get into the right place of the workflow, and where it is, it has been for the most part unstructured.
But there’s certainly a rising tide of data for insurance. LexisNexis Risk Solutions’ clients now have access to a wealth of customer and other datasets they could use to improve point-of-quote decision making.
In this video, James Burton, Senior Director of Product Management at LexisNexis Risk Solutions discusses the launch of Perils via Data Hub with examples of flood data, showing how we are making it easier for insurance providers to automate and use data in that space.