Commercial Auto Insurance Solutions
Mitigate blind spots in your commercial auto insurance book of business
Commercial auto insurance underwriting is complicated by the need to understand the business itself, the vehicles and the drivers. Manual research and manual processes can create significant blind spots—and lengthen quote times, negatively impacting the customer experience. Empower your commercial auto insurance underwriting team with the information and analytics they need to make faster, more accurate decisions at quoting, underwriting and renewal.
LexisNexis® Risk Solutions can help you:
- Get a deeper understanding of business, vehicle and driver risk so you can segment and price risks more accurately, minimize leakage, ensure appropriate coverage, and mitigate adverse selection
- Automate complex workflows to remove administrative burden, make better use of commercial insurance underwriting talent and enhance the customer experience
- Gain a clear understanding of how a risk has changed at renewal, with just-in-time insights that enable you to retain the risks you want, and take action on the ones that need to be addressed
With deeper insights into driver risk, you can make faster, more informed decisions—and become the commercial insurance carrier of choice.
Get a 360° view of risk
If you’re relying on agents or manual research to compile a complete picture of risk, you probably have unknown risks on your book of business—and more coming in the door each day.
LexisNexis® Risk Solutions can help you uncover those hidden risks. We’re uniquely able to:
- Connect disparate information sources, then standardize and normalize insights so your underwriters can make quick, confident decisions.
- Verify and precisely link information associated with an individual or a business with LexID®, our proprietary linking technology, so you can better understand your customer.
- Provide more accurate, granular information and models that help you make more surgical decisions—for example, by enabling you to predict risk at the driver level, and not just the policy level.
Whether the risk is from undisclosed drivers to suspensions in commercial driver’s license (CDL) tenure, serial shoppers to DUIs, we can deliver the commercial insurance risk insights you need to help reduce information gaps and optimize hits rates.
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Solutions that help you see the full picture of driver risk
LexisNexis® Driver Attract Model
LexisNexis® Current Carrier® Commercial
