LexisNexis Risk Solutions today released its 2022 U.S. Auto Insurance Trends Report, which aggregates annual market data about driving behaviors, auto insurance shopping, underwriting and claims to help insurers better navigate a myriad of evolving trends impacting the U.S. auto insurance industry. This year’s report analyzes 2021 data, detailing how the industry continues to navigate […]
LexisNexis Risk Solutions Partners with Shift Technology on Claim Processing Technology
LexisNexis Risk Solutions and Shift Technology announced today the two companies have entered a strategic alliance that will enable insurance carriers to seamlessly incorporate LexisNexis Claims Clarity data and analytics into Shift’s insurance decisioning artificial intelligence (AI) models, allowing carriers to better predict fraud and risk at the first notice of loss. To achieve greater […]
LexisNexis Analysis Shows Advanced Driver Assistance Systems Are Reducing Loss Costs
Report shows lower auto claims frequency and loss costs on ADAS equipped vehicles. LexisNexis Risk Solutions announced a new analysis of the relationship between Advanced Driver Assistance Systems (ADAS) features and U.S. auto insurance claims, which counters common insurance industry sentiment that ADAS repair costs offset ADAS loss cost benefits. The results are featured in […]
Kia to Provide Enhanced Vehicle Build Data to Insurers through LexisNexis Risk Solutions Partnership
Kia America has entered into an agreement to supply vehicle build data to LexisNexis Risk Solutions to help Kia owners across the U.S. potentially benefit from their cars’ advanced driver assistance systems (ADAS) when they shop for auto insurance. LexisNexis Vehicle Build provides data regarding ADAS features in Kia vehicles in order to help U.S. […]
Ford Motor Company and LexisNexis Risk Solutions Partner to Provide Connected Vehicle Data to Auto Insurers
LexisNexis Risk Solutions and Ford Motor Company today announced they have entered into a strategic agreement so that Ford connected vehicle data can be available to U.S. auto insurers via the LexisNexis Telematics Exchange. Ford and Lincoln customers with an eligible 2020 model year or newer vehicle can opt in to participate in usage-based insurance […]
LexisNexis Report Shows 60% of Auto Claims Being Handled Virtually One Year After Start of Pandemic
LexisNexis Risk Solutions today released its 2021 Future of Claims Report, revealing how the COVID-19 pandemic has accelerated claims automation. The report includes actionable insights for auto insurance carriers to improve their customer experience and turn virtual claims processing into a competitive advantage. The secret? Offering a hybrid model of self-service claims with access to […]
LexisNexis Risk Solutions Introduces Verified Data Solution to Streamline Total Loss Claims
LexisNexis Risk Solutions announced the development of LexisNexis VINsights that will improve the total loss claims management process by reducing the time it takes to settle a claim. VINsights will deliver the information an adjuster needs in near real-time, including the registered owner name, titled owner name and lienholder data. Lienholder data includes lien payoff […]
LexisNexis Launches Telematics OnDemand with Root Insurance
LexisNexis Risk Solutions launched LexisNexis Telematics OnDemand, a solution that seamlessly integrates telematics-based driving behavior data into insurer rating and underwriting workflows. Root Insurance is the first to adopt Telematics OnDemand. The solution enables U.S. auto insurers to access a consumer’s existing telematics data in near-real time at point of quote in order to more […]
LexisNexis Settles Multistate Lawsuit over Resale of Vehicle Accident Reports
LexisNexis Risk Solutions and several of its affiliates have agreed to settle a $5.8 million multistate lawsuit over claims that the company knowingly failed to pay contractually agreed fees for the resale of vehicle accident reports it obtained from law enforcement agencies in Massachusetts and other states. Massachusetts will receive approximately $750,000 as part of […]
Nissan Joins LexisNexis Telematics Exchange
LexisNexis Risk Solutions announced that Nissan North America has joined the LexisNexis Telematics Exchange. LexisNexis develops solutions to enrich the customer journey and deliver usage-based insurance (UBI) programs for vehicle owners to easily enroll and participate, giving drivers the opportunity to lower their insurance premiums and reduce the cost of vehicle ownership. Mileage data from […]