Pricing
241 whitepapers and resources
Pricing
How to acquire and retain the right insurance customers in a post Covid-19 world
To tackle the economic impact of the pandemic, motor insurers need to optimise customer experience to achieve higher retentions while at the same time maintaining profitability. This article provides a step-by-step guide for motor insurers to evolve their business models in order to maintain growth.
Spotlight - product development: The need for speed
This spotlight highlights how Covid-19 has acted as a catalyst for positive change in the insurance industry and the implications for working practices, risk management, product innovations and ultimately customer outcomes.
Underwriting risk: Information is power
Underwriters often shake their heads at the almost insurmountable challenge of structuring risk selection and fraud detection, but what sounds like an unsolvable problem, isn’t. This content highlights the tools available to help underwriters make informed decisions based on real-time insights.
Looking across at US and UK insurance evolution: The data differences and similarities
In this blog, Jeffrey Skelton, Managing Director, Insurance, UK & Ireland, LexisNexis Risk Solutions, sheds light on the differences between the UK and US insurance markets. Download this blog to find out what best practices can be shared in terms of risk management, data usage and pricing.
Resetting, refreshing and reimagining the actuarial function
This whitepaper focuses on the lessons learned during the coronavirus pandemic and how the actuarial function at life insurance firms might best evolve for effectiveness in a post Covid-19 world.
Commercial underwriting: Do you really know your customer?
The long-term success of an insurance company depends on a great many factors and one of the most important factors is ‘selection at the gate’. This e-book deals with the question of how automated risk assessment can play an important role in the commercial risk underwriting process.
Growth drivers and challenges of pet insurance
The UK pet insurance market represents significant growth opportunities for insurers equipped with the right tools available to enhance customer insights, improve operational efficiencies and detect fraud. This content focuses on how pet insurers and new entrants can achieve profitable growth.
LexisNexis Vehicle Build service to give UK insurance providers vehicle safety data insights
Motor insurance providers across the UK can now start testing LexisNexis® Vehicle Build, a new solution to better evaluate specific Advanced Driver Assistance Systems (ADAS) to support pricing and underwriting. Download this blog to find out more.
Understand the named driver insurance risk: Here are some of the risk predictors
To determine if additional information about named drivers would truly help with differentiating the risk of a motor insurance policy, LexisNexis Risk Solutions analysed policies with named drivers present. This blog highlights some of the risk predictors for named driver insurance.
Counting the cost of cancellations: The power of data in predicting insurance cancellations
Based on research conducted by LexisNexis Risk Solutions, this blog highlights the impact of insurance policy cancellations, factors which increase the probability of future cancellations and how insurers can leverage cancellations data to make price adjustments to mitigate the risk and costs.