LexisNexis® Total Property Understanding™

Streamline and scale home insurance underwriting workflows with comprehensive insights and predictive models for faster, more informed decisions.
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Transform home insurance underwriting with end-to-end property intelligence

Personal property carriers can struggle to get the timely, reliable insights they need to accurately assess properties. Relying on limited and expensive boots-on-the-ground inspections and tedious manual processes can impact profitability—and may only provide a partial understanding of risk.

One Solution. Three powerful capabilities.

LexisNexis® Total Property Understanding™ is an award-winning end-to-end property risk assessment solution that can help you better select personal properties of interest, capture hundreds of property risk insights and act on insights to help streamline decision making—for new business and renewal.

Make faster, more informed decisions and create better customer experiences by using Total Property Understanding.

 

Select

Identify and segment properties with the highest probable risk, direct resources appropriately and proactively monitor your in-force book

Capture

Capture interior, exterior and aerial risk information with inspection reports available 2x to 3x faster than with traditional inspections

Act

Get highly actionable underwriting insights with simple red/green indicators and easy-to-understand replacement cost attributes

Tailored for the risks that matter to you

Total Property Understanding is a complete underwriting solution that can help you take property risk assessment to the next level, at new business and renewal.

LexisNexis® Smart Selection

Smart Selection helps you identify potentially high-risk properties, at new business and renewal. How? By using predictive insights, proprietary information sources and customizable business rules—including more than 100 data attributes, four risk exposure model scores and critical information designed to support a more complete property risk assessment.

 That means Smart Selection can help you:

  • Identify and segment properties so you can better optimize your underwriting budget and resources
  • Enhance the customer experience by manually reviewing properties that truly need it—and fast-tracking those that don’t
  • Monitor ongoing risks across your book to pinpoint existing policies that require review

LexisNexis® Flyreel® and Flyreel report

Flyreel offers a seamless user experience that makes it convenient and simple for everyday homeowners to accurately and confidently conduct a virtual inspection of their home. After the inspection, our AI model extracts critical information from images and video and provides actionable insights in an easy-to-digest report. That means Flyreel can help you:
 
  • Replace in-person inspections to capture comprehensive risk insights—faster and at scale
  • Simplify the inspection process to improve property owner satisfaction, without sacrificing critical information and insights
  • Reduce premium leakage, enhance insurance-to-value (ITV) calculations by capturing details about insurable assets and improve loss ratios by identifying critical hazards up front
“I am a huge believer in the value of LexisNexis Flyreel and the solutions it can provide the insurance community.”
 â€“ Rockford Mutual

Augment your underwriting capabilities from end to end—or leverage a single product to help enhance a specific capability. Whichever approach you choose, our team can configure the solutions to focus on the risks and detections that matter to you.

Featured Products

LexisNexis® Smart Selection

Automate your risk selection capabilities and optimize where you spend your underwriting dollars.

LexisNexis® Flyreel®

Capture property information with less friction and prioritize manual reviews with highly actionable insights.

Related Resources

Home Consumer Research Study

7 in 10 homeowners expect their insurance carrier to play a key role in ensuring they have the necessary coverage, according to the LexisNexis® study.

Smart Selection Webinar

Watch a demo of LexisNexis® Smart Selection that focuses on smarter underwriting through configurable workflows.

Find out what's possible.

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