ILC ARTICLE

LexisNexis invites testing for enhanced claims solution

7th February 2023

LexisNexis is launching a new solution to help insurers increase pricing accuracy and manage risk through access to a wider remit of information.

LexisNexis Vehicle Insights is a database containing more than 95% of the motor insurance market policy information, offering insurance providers quick and easy access to previously unavailable information around the individual and the vehicle.

This can help insurers enhance risk assessment to deliver more personalised pricing, improve customer experience and retention, while also delivering a more streamlined claims experience and flagging up signs of fraud.

Tom Lawrie-Fussey, Director of Automotive, LexisNexis Risk Solutions, Insurance, U.K. and Ireland, said, “The launch of LexisNexis Vehicle Insights will put key intelligence about the vehicle and the driver at the fingertips of insurance providers, to help them price more effectively, support the customer at claim and manage risk during the lifetime of the policy.”

The product is due for European launch in the summer, with insurers invited to test it now.