The latest from LexisNexis as they look ahead to the BIBA Conference next week;
As fits the theme of BIBA Conference 2024, ‘What’s Next,’ LexisNexis Risk Solutions, the data, advanced analytics and technology provider to the insurance market, will be showcasing groundbreaking vehicle and property data innovations to help insurance providers in the U.K. and Ireland better predict, price and mitigate changing risks for their customers. In essence, LexisNexis Risk Solutions is going further and faster to ready the market for what‘s next.
The business’s highly predictive and powerful vehicle-centric data solutions will be showcased alongside the latest developments in geospatial intelligence specifically for the broker market. Visitors to the stand will even be able to analyse the perils risks for their own address, underscoring the value of the insights to support customers facing flood, subsidence and crime risks.
Notably, the BIBA Conference 2024 also offers a prime opportunity to demonstrate the combined power of LexisNexis® Vehicle Build, which confirms the presence and performance of advanced driver-assistance system (ADAS), and LexisNexis® Vehicle Insights, which confirms the status and history of the vehicle.
These solutions along with vehicle data-focused industry collaborations respond to increasing desire from motor insurance providers for deeper insights on the vehicle for more accurate and fair pricing. As the market’s ‘go to’ source of vehicle data, insurance providers will be able to build an instant and comprehensive picture of the risk of the vehicle, that will keep pace with car technology as it keeps evolving.
LexisNexis Risk Solutions will also be featured in the main agenda for the event, as XLumeu Planells, data science manager, takes part in a panel debate on 16th May at 11.45 on, “The march of Artificial Intelligence and what brokers need to consider.”
Dan Cicchetti, senior director of client engagement, Insurance, U.K. and Ireland, LexisNexis Risk Solutions said: “The BIBA Conference offers a fantastic opportunity to showcase the investments we have made to deliver actionable insights to brokers as well as the wider market in a way that is easy for them to digest. ‘What’s Next’ as a theme is spot-on. Insurance risks are changing at speed, and we’re helping the broker market keep pace.”
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