The data transformation of insurance


Connected Car

ARTICLE SOURCE

With 40 years’ experience as a trusted custodian of consumer and business data, LexisNexis Risk Solutions is assisting the insurance market through its data transformation. Live feeds on floods and storms, vehicle-build information and data from connected assets are part of a growing number of data sources that will help insurance providers understand these changes to deliver the types of insurance products and services consumers and businesses want. Data on the vehicle itself is also on its way as UK insurance providers test LexisNexis® Vehicle Build. A data bridge between insurance providers and car manufacturers has been created to give consumers the choice to access insurance based on their connected car data. Data insights that contribute policy history, quote and claim data, property data, vehicle data, live and connected data and more are helping insurance providers meet these expectations.