Free press releases distribution network?

More news: Software
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 ℠

 

PRZOOM - /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!


 

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

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire 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 PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
LexisNexis Risk Solutions | LexisNexis® Attract ℠
Contact: Regina Haas - LexisNexis.com 
678-694-3569 Regina.haas[.]lexisnexis.com
 
PRZOOM / PRTODAY - Newswire Today 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 Press Releases From LexisNexis (a division of Reed Elsevier Inc.) / Company Profile


Read Software Most Recent Related Press Releases:

Innovabee Boosts Backup Speed 12X with NAKIVO VM Backup Appliance Based on Synology NAS
Xactly Powers Compliance for New Commission Expense Accounting Requirements Under ASC 606
IBM Launches New Technology Stack to Simplify Development of Microservices
AOS and IBM Developing Logistics and Transportation Solution Built on IBM Blockchain and Watson IoT
IBM Accelerates Hybrid-Cloud Adoption with New All-Flash Mainframe Storage Solutions
Oracle Health Sciences Reimagines Clinical Development Technology with New Cloud-Based eClinical Environment of the Future
IBM Opens European X-Force Command Center in Poland
NAKIVO Announces New Features in the Upcoming v7.2 for AWS, VMware, and Hyper-V Backup
Beztak Grows Rental Income with Yardi RENTmaximizer
Leading Innovative Companies Select PTC Creo CAD Software

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  MagLar, Inc.

Visit  Persistence Market Research (P) Ltd







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | 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 entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today