The market is undergoing rapid changes — experiencing everything from rising inflation to increased costs of goods and supply chain issues. Many insureds reduced maintenance and repairs during the pandemic, and now getting these tasks completed is a challenge. Carriers need the ability to rate and underwrite based on accurate and up-to-date information, but evaluating risk continues to be difficult due to market changes, which are moving targets.
We recently spoke with Kelly Rush, Director, Home Solutions, at LexisNexis Risk Solutions, to discuss how carriers can access the information they need to understand evolving customer risk better. He further explains the role of data solutions in improving overall coverage accuracy with new business and annual changes during renewal.
To learn more, hit play.
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