PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: LexisNexis (a division of Reed Elsevier Inc.)

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

LexisNexis® Risk Solutions Announces the Availability of LexisNexis® Attract ℠ - LexisNexis Attract for Commercial Auto Underwriting Scores Commercial Drivers, Can Better Predict Insurance Loss, Reduce Combined Ratio By Up to Four Points - LexisNexis.com
LexisNexis® Risk Solutions Announces the Availability of LexisNexis® Attract ℠

 

NewswireToday - /newswire/ - Dayton, OH, United States, 2014/04/28 - LexisNexis Attract for Commercial Auto Underwriting Scores Commercial Drivers, Can Better Predict Insurance Loss, Reduce Combined Ratio By Up to Four Points - LexisNexis.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

LexisNexis® Risk Solutions today announced the availability of LexisNexis® Attract℠ for commercial auto underwriting, a proprietary predictive analytics model. Utilizing Attract for commercial auto underwriting can provide insurers with higher match rates and more accurate loss prediction of commercial auto risks than traditional commercial auto underwriting methods, which can represent up to a nearly 6 to 1 return on investment for a typical insurer.

“LexisNexis analysis• shows that Attract for commercial auto underwriting can reduce an insurer’s combined ratio by up to four points,” said Ernie Feirer, vice president and general manager, commercial insurance, LexisNexis. “The level of fleet risk, for example, can be revealed at point of submission, enabling the insurer to select and price driver risk very early in the underwriting process.”

Sustaining profitability in commercial auto insurance can be challenging. LexisNexis research has shown that the lowest scoring driver is the highest predictor of loss frequency within a policy. A 2014 First Advantage Commercial Driver Safety Report found a flurry of macro trends about fleet driver safety that make the ability for insurers to accurately predict risk of commercial fleets more important than ever. According to the report, employment projections estimate that between 2010 and 2020, the transportation and material moving industry will experience 14.8 percent job growth, with nearly all the new jobs being motor vehicle operators and material moving workers.

LexisNexis Attract ranks commercial insurance fleet driver risks using a non-credit based predictive loss model to calculate loss ratio and/or loss frequency. Leveraging individual and fleet-level commercial driver scores, insurers can improve pricing segmentation and make better underwriting decisions at points of risk selection, quote and renewal.

For more information, please visit LexisNexis Attract for commercial auto underwriting.

*Analysis based on over five years of LexisNexis research on historical loss and policy data from commercial auto fleets.

About LexisNexis Risk Solutions

LexisNexis Risk Solutions (lexisnexis.com/risk) is a leader in providing essential information that helps customers across industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced analytics, LexisNexis Risk Solutions provides products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of Reed Elsevier, a leading global provider of professional information solutions.

Our insurance solutions assist insurers with automating and improving the performance of critical workflow processes to reduce expenses, improve service and position customers for growth.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: LexisNexis (a division of Reed Elsevier Inc.)

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


LexisNexis® Risk Solutions Announces the Availability of LexisNexis® Attract ℠

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

LexisNexis Risk Solutions | LexisNexis® Attract ℠
Publisher Contact: Regina Haas - LexisNexis.com 
678-694-3569 Regina.haas[.]lexisnexis.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LexisNexis (a division of Reed Elsevier Inc.) securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From LexisNexis (a division of Reed Elsevier Inc.) / Company Profile


Read Software Most Recent Related Newswires:

IIITM-K and IBM India Develop Real-Time Water Quality Measurement System on IBM Watson IoT Platform
PACE Honors Noble Systems for Contributions in Customer Engagement
Mentor Graphics Expands Formal Verification’s Reach with New Cross-Platform GUI and Apps
Splunk Cloud Launches on AWS Marketplace
PTC and ServiceMax Announce New Connected Field Service Deployment
Crédit Mutuel and IBM Watson Put Technology at the Service of People
Splunk Named One of the 'Best Places to Work' for 10th Consecutive Year
TransCelerate Selects Veeva Vault SiteExchange
Zendesk and Fabric Bring Customer Service to Mobile App Development and Experience
Telstra and IBM Aspera Team up to Enable Media File Transfer Capability and Global Media File Collaboration
Oracle Buys Moat
California School District Performs Successful Datacenter Migration with NAKIVO
Etkin Johnson Real Estate Partners Selects Yardi Voyager
IBM Integrates Automated Alerts from the Weather Company to Enhance Resiliency Communications as a Service
HARMAN Recognized as A Finalist for Gartner Data & Analytics Excellence Awards

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)