Everything you need to know about Commercial PreQuote from LexisNexis Risk Solutions…
So, what is it?
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. Their commercial line proposition is called Commercial PreQuote.
Commercial PreQuote is a data enrichment solution designed to deliver predictive information into your quote workflow to help you present more accurate quote requests to market. Available both through Acturis or direct, it offers a quick-to-implement, plug-and-play solution with no set-up costs.
This solution has been specifically designed for brokers serving businesses and sole traders to assist in streamlining your customers’ journey, reduce referrals, prevent fraud and maximise efficiency within your brokerage wherever possible. Using three datasets you can validate customer-provided data prior to quote. Commercial PreQuote provides you with the confidence that the data used for pricing and underwriting is valid and accurate, helping to eliminate unnecessary delays, support your due diligence process and reduce friction with your customers.
These datasets are:
- LexisNexis® Property Insights: A property data enrichment solution that leverages extensive property characteristic datasets to help you validate and capture the actual risk of the property associated with the policy.
- Business Information: A unique dataset offering a further layer of validation through the confirmation of name, address and directors of the business.
- LexisNexis® Risk Insights: This insurance-specific customer verification and enrichment solution offers attributes derived from public and proprietary data, combined with the ability to match and link disparate customer records so that you can validate the risk related to the individual behind the business.
More accurate data, more accurate quotes and more accurate pricing. Sounds great, right? If you want to find out more, please get in touch with your BlinkIS Business Development Manager.
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*This product is not currently available in NI
Full underwriting terms and conditions apply, 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. The facility is provided by LexisNexis Risk Solutions UK Limited registered in England and Wales with registered number 07416642 whose registered office is at Global Reach, Dunleavy Drive, Cardiff, CF11 0SN.
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.