LexisNexis warns of ‘reactive’ inefficiencies in motor claims handling
While underwriting and pricing has become more data-driven in recent years, LexisNexis Risk Solutions has warned that motor claims handling is still lagging behind, relying on “fragmented, reactive processes”.
The firm identified a series of challenges within the UK motor insurance market, including incomplete or inaccurate information at First Notification of Loss, fragmented data sources, and a reliance
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