LexisNexis Risk Solutions

LexisNexis Risk Solutions sells data and analytics for risk decision making, and insurance is one of several industries it serves from a shared data foundation. The insurance line covers auto, commercial, home and life, with a distinct offering for automakers. The value proposition rests on data an insurer cannot assemble alone: verified identity, prior claims, driving history and property characteristics drawn from sources across the economy, brought to bear at the point a policy is quoted or a claim is assessed.

The cross-industry breadth is what makes that data foundation deep. Business services cover financial crime compliance, fraud and identity management, credit risk assessment, payments efficiency, risk orchestration, and collections and recovery. Government and law enforcement solutions cover identity assessment and assurance, fraud detection and prevention, criminal investigations and analysis, and automated crash reporting, the last of which feeds directly back into motor insurance. Healthcare and life sciences serve payers, pharmacies and providers, and specialised data services cover commodities and chemicals, aviation, HR and tax professionals.

Fraud and identity are where the industries converge most usefully for insurers. Identity verification techniques developed for financial crime compliance apply directly to application fraud, and the company publishes research on the scale of the problem, reporting that one in every 100 identity check failures involves a deepfake document, image or liveness video. Its published research is substantial and used as industry reference, including the Insurance Demand Meter analysing insurance shopping trends and the US Home Insurance Trends Report, which recently found claims severity at an all-time high while frequency declines. Products such as Accurint are accessed through individual portals. Operations span the United States, United Kingdom, Brazil and Japan with multilingual global solutions. Pricing is not published.