Better identify and segment the property risks on your books that require a higher probability of underwriting action using predictive insights from proprietary data sources.
LexisNexis® Smart Selection is an automated data service that delivers inspection flags and configurable business rules to help home insurance underwriters gain a comprehensive and data-driven view of risk at both new business and renewal. It can be used in conjunction with LexisNexis® Flyreel® to help streamline and expedite decision making, expand your view of the risk, customize coverage and improve underwriting return on investment.
With LexisNexis® Smart Selection you can:
- Reduce costs by narrowing property inspection and underwriting action
- Configure property selection criteria, data capture workflows and even the hazards/risks that get flagged for underwriting review
- Help inform decision-making and underwriting processes with strategic insights about inspection quality and turnaround times
- Determine ongoing risks across your book to pinpoint existing policies that require review
- Help increase consumer engagement throughout the policy lifecycle with context driven insights that help customize coverage and promote retention