ATLANTA, April 23, 2018 /PRNewswire/ -- LexisNexis Risk Solutions, a leading provider of data, analytics and
technology for insurance, today announced the launch of LexisNexis® Vehicle History. This solution
offers a more holistic view of a vehicle's lifecycle by gathering data on previous damage events, ownership changes, odometer
readings, and other data points to help insurers make a more accurate risk assessment.
"Just as financial responsibility is predictive of future behavior, a vehicle's history can be predictive of future loss,"
said Tanner Sheehan, Senior Director of Auto Insurance, LexisNexis Risk Solutions. "Relying on
consumers to fill in the critical, but sometimes non-obvious or unknown, details for their insurer to then assess risk and
provide an appropriate premium back to the consumer can be a cumbersome and unreliable proposition."
LexisNexis Vehicle History provides a robust and simplified data gathering and delivery process that insurers can incorporate
in their existing workflows. The solution draws from a variety of data sources to integrate important vehicle-related attributes
into the pricing equation, while maintaining a simple quoting process for the consumer by prefilling information about the
vehicle's history. LexisNexis Risk Solutions insurance customers have access to data and analytics with sub-second turnaround
utilizing a single point of entry that eliminates the need for technology resources to implement the product.
"With the advent of the vehicle technologies like Advanced Driver Assistance Systems (ADAS), there is an even greater need to
incorporate vehicle-centric attributes into the insurance policy rating equation," said Sheehan. "LexisNexis Vehicle History is
an easy step any insurer can take towards understanding the vehicle's history."
About LexisNexis Risk Solutions
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses
and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology
solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in
metro Atlanta, Georgia, we have offices throughout the world and are part of RELX Group (LSE:
REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. RELX
is a FTSE 100 company and is based in London. For more information, please visit www.risk.lexisnexis.com, and www.relx.com.
Media Contacts:
Rocio Rivera
LexisNexis Risk Solutions
Phone: +1.678.694.2338
Rocio.rivera@lexisnexisrisk.com
Mollie Holman
Brodeur Partners for LexisNexis Risk Solutions
Phone: +1.646.746.5611
mholman@brodeur.com
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SOURCE LexisNexis Risk Solutions