New Vehicle History Data from LexisNexis Risk Solutions Helps Insurers Predict Future Loss and Assess Risk
"Just as financial responsibility is predictive of future behavior, a vehicle's history can be predictive of future loss," said
LexisNexis Vehicle History provides a robust and simplified data gathering and delivery process that insurers can incorporate in their existing workflows. The solution draws from a variety of data sources to integrate important vehicle-related attributes into the pricing equation, while maintaining a simple quoting process for the consumer by prefilling information about the vehicle's history.
"With the advent of the vehicle technologies like Advanced Driver Assistance Systems (ADAS), there is an even greater need to incorporate vehicle-centric attributes into the insurance policy rating equation," said Sheehan. "LexisNexis Vehicle History is an easy step any insurer can take towards understanding the vehicle's history."
About
Media Contacts:
Phone: +1.678.694.2338
[email protected]
Phone: +1.646.746.5611
[email protected]
View original content with multimedia:http://www.prnewswire.com/news-releases/new-vehicle-history-data-from-lexisnexis-risk-solutions-helps-insurers-predict-future-loss-and-assess-risk-300633869.html
SOURCE
Kovrr Launches Predictive Cyber Risk Modeling Platform for P&C Insurance Carriers
Health experts concerned about risks of limited-duration health plans
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News