CUE Connect Home Reduce exposure to claims misrepresentation, increase profitability
Claims misrepresentation is a significant issue impacting the insurance industry. Independent research conducted on behalf of LexisNexis Risk®. With LexisNexis CUE Connect Home you can overcome claims misrepresentation by verifying claims. LexisNexis CUE Connect Home provides significant benefits in managing risk, combating fraud and increasing profitability.
Minimise risk exposure and combat fraud
Claims history is a significant rating factor used in underwriting home insurance policies. Our research has highlighted a significant number of UK consumers think it acceptable to omit or adjust their claims histories to obtain a better price on their insurance. Insurers in this instance can find themselves exposed to unforeseen risk.
Using our Big Data technology we provide you highly reliable data in real-time, giving you the most up-to-date information for evaluating risk. Application fraud is reduced and confidence is improved from the time of quote while providing a better customer journey.
- Reduce upfront insurance application fraud
- Increase profitability by adjusting your price after the discovery of a non-disclosed claim(s) and discussing with/ notifying the consumer
- Improve the customer experience and lower your costs by reducing post-sale manual checks
CUE Connect Home is available alongside our additional solutions as a single connection to LexisNexis, minimising your integration and on-going technology costs.
LexisNexis CUE Connect Home Key Features:
CUE Connect Home provides full results associated with a discovered claim. Address linking highlights full claim(s) results based on the individuals current and previous addresses, even if only the current address is provided.
Searches can be conducted by a range of criteria and combinations including subject, address and vehicle.
The results are available transactionally in XML, or in batch in XML or CSV, providing your business with the flexibility for automated system to system transactions in real-time, batches or ad-hoc requests directly to and from pricing, underwriting and fraud teams.
A customisable summary of information is available making it easy to analyse results.
Claims information can be combined with other information to create bespoke scores indicating the appropriate action to take when there is a discrepancy between declared and claims.
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