Tag: LexisNexis

Insurance company technology not yet ready for IoT data use, study

Julie Campbell
Insurance company technology -Technology News On Apple Ipad Air

LexisNexis Risk Solutions released a report on some of its latest research showing the insurer struggle with new tech. A new LexisNexis Risk Solutions insurance company technology study shoes that insurers aren’t sure what to do with the IoT. The report revealed that insurance companies know the Internet of Things is important. However, they don’t know how to use it for data collection and other purposes. Even though it seems as though the IoT could be the insurance industry’s best tool, it still baffles. IoT could potentially become highly effective…

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Homeowners insurance trends show claims and losses are falling

Logan B.
homeowners insurance rates increase

A LexisNexis report has found that home carriers are riding a positive wave at the moment. LexisNexis has released a report saying that homeowners insurance trends are good for providers right now. The claims are decreasing while the loss costs have been either falling or remaining flat. This U.S. insight was published in the 2016 LexisNexis Home Trends Report. The homeowners insurance trends report took into account that there was only one major hurricane this year in the United States. Moreover there was a decline of 30 percent from 2010…

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Usage-based auto insurance is becoming more acceptable

S.Vagus
auto insurance usage based

New study shows that consumers are becoming more comfortable with usage-based insurance coverage LexisNexis has released a new study concerning telematics and usage-based auto insurance coverage. The study notes that consumers in the U.S. are becoming considerably more comfortable with the idea of usage-based insurance, largely because of the savings they can take advantage of. Rate discounts are a main driver behind the adoption of telematics among drivers and businesses that manage vehicle fleets. Drivers do have some privacy concerns, however, in regards to the information that telematics systems collect.…

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