LexisNexis® Location Intelligence for Commercial
LexisNexis® Location Intelligence for Commercial
LexisNexis® Location Intelligence for Commercial is a property risk assessment solution that delivers a suite of predictive risk scores and supporting attributes to help you identify properties most at risk for future claims.
Location Intelligence synthesizes weather, aerial imagery, claims data, proprietary data sets and modeling into actionable insights that automate and simplify risk assessment. It can be used at point of quote, underwriting and renewal to support faster, more accurate segmentation, pricing and coverage decisions to help determine the loss propensity of individual properties.
Location Intelligence includes:
Broad coverage of high-resolution aerial imagery to provide roof-condition grades
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Critical property data insights are delivered in near real-time so insurers can make confident, timely decisions.
See Location Intelligence in action.
LexisNexis® Location Intelligence for Commercial is available in two configurations to best meet your business needs.
With Location Intelligence, you can:
- More quickly manage risk with a property risk score and actionable data elements that are delivered in real-time, enabling you to inform agents immediately and route the highest risks to underwriting.
- Automate your workflow. Because inspection decisions can be informed by the property risk score, you can set the right expectations with business owners and either avoid or expedite the inspection process.
- Better segment customers for underwriting with the comprehensive property information you need to make better underwriting decisions. You can use the score to prioritize properties for additional due diligence or inspections and utilize attributes to provide additional insights to your underwriting team.
Location Intelligence with Roof Insights delivers the combined power of ariel imagery, auto claims, property claims, weather events and proprietary data consolidated in one data source. Location Intelligence with Roof Insights can help you do everything included in Location Intelligence, plus:
- Mitigate risk with our proprietary roof condition grade and actionable data elements to prioritize customers from straight-through underwriting to high-risk underwriting
- Reduce physical inspections required by leveraging aerial imagery and artificial intelligence to predict loss propensity beyond simple roof-age data
Related Resources
Simplify Commercial Property Underwriting
