Data use

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Data Use

Last Updated: August 2023

It is our mission to educate and inform our customers, regulators, and consumers regarding the use of data in insurance, proactively and with transparency to help make clear the difference between credit-based insurance scores and financial credit scores (aka “credit scores”).

LexisNexis Risk Solutions is committed to the responsible use of data. We have been working with the insurance industry and regulators for years to analyze risk at the individual, household and book-of-business levels to help insurers offer individualized, appropriate premiums for the risk being covered. Our solutions also help prevent fraud, thereby keeping insurance costs lower.

Our credit-based insurance models and attributes are designed with the Fair Credit Reporting Act (FCRA) in mind. Consumers have the right to know what is used in developing their scores and we have a dedicated team and process that focuses on providing a smooth, secure experience to help consumers obtain a copy of their consumer report information from the LexisNexis Risk Solutions Consumer Portal.

In the Frequently Asked Questions below, we answer common questions about credit-based insurance scores, the difference between a credit-based insurance score and a financial credit score, and what to do if a correction is needed.

Frequently Asked Questions

If you are a consumer and want to know more, please visit our Consumer Portal.