Brokers, are you looking to:
Improve pricing accuracy?
Enhance customer experience?
Improve quotability?
Lower operational costs?
Gain greater confidence?
Reduce fraud?
Link with all major software houses?
Yes? Well, Lexis Nexis has the solution for you!
Data Enrichment Services for Personal Lines
LexisNexis Risk Solutions deliver targeted data enrichment solutions designed for the insurance market, that empower well-informed decisions while upholding the highest standards for security and privacy. They are committed to providing solutions that help brokers assess risks, prevent fraud and price more accurately.
LexisNexis® Emailage® Rapid
Providing an instant risk score at point of quote, helping you to verify an individual’s digital identity through email address information and the digital footprint that goes with it.
- Improve quotability by instantly validating an individual’s digital identity
- Avoid writing costly, potentially fraudulent business
- Protect customers from having their identity compromised
LexisNexis® Risk Insights
- Better assess and validate risk for pricing and fraud prevention purposes.
- Assess risk at individual, household and area levels
- Combine public records information with in-house proprietary sources to provide a more comprehensive view of risk
- Match more individuals at point of quote, helping you to quote more business
Attract™ for Motor
Market-wide risk scoring to help you better predict insurance claims and cancellation risk. Access our proprietary motor insurance data to provide a stronger indicator of loss than general financial scores:
- Helps you attract the right risk for your business
- 90% Individual match rate provides an industry perspective to widen quote footprint
- Attract™ is built to predict insurance loss, unlike other scores
LexisNexis® Policy Insights
Better predict risk related to gaps in cover and reduce cancellation costs by avoiding “bad” risk:
- Attributes such as prior cancellations, gaps in cover, vehicle changes and NCD downgrade
- Based on market coverage of over 85%
- Multiple vehicle types including - private car, vans, and motorcycles
LexisNexis® No Claims Discount (NCD) Module
Automated verification and validation checks for no claims discounts:
- Reduces operational and cancellation costs for brokers
- Uses credible data from our proprietary Motor Policy History Database, with 97% market coverage
- Improves pricing accuracy for your panel members
- Helps prevent application fraud
LexisNexis® Informed Claims
Assists in assessing insurance risk by providing insight into an applicant’s declared and undeclared claims:
- Includes a breakdown of total undeclared fault and non-fault claims for motor
- Help reduce fraud risk and identify undisclosed claims earlier in the quoting process
If you would like to find out more about LexisNexis® Risk Solutions, please get in touch with your BlinkIS Business Development Manager. They will be happy to help!
FIND OUT MORE
Please ensure that all of the contractual documentation is read and understood prior to use. This facility is marketed and distributed by Blink Intermediary Solutions. Blink Intermediary Solutions is a trading name of Iris Insurance Brokers Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA) Register number: 310825.
This facility is provided by LexisNexis Risk Solutions UK Limited registered in England and Wales with registered number 07416642. Access to this facility is subject to approval by the product provider only. Blink Intermediary Solutions is not part of the approval process and is not the product manufacturer. Some products/facilities are not available in all territories. The intended recipients of this content are UK FCA-regulated insurance brokers. Full details of FCA authorisations can be found at www.fca.org.uk. This information is correct at the time of production, but may be subject to change.
LexisNexis and the Knowledge Burst logo are registered trademarks of RELX Inc., used under license. Other products or brands referenced within this site may be trademarks of RELX Inc., its subsidiaries or affiliates.