Home Insurance industry news and insights

Smart Home Data – and a Little Courage – Could Usher in Home Usage-Based Insurance

Written by: Dan Davis, Director, IoT & Emerging Markets, LexisNexis Risk Solutions

Is there a place for usage-based insurance (UBI) in the home insurance industry? UBI has become a hot topic during our current “situation” (as we call it in my own house). Social distancing practices and stay-at-home orders are keeping people ho...

Personal or Commercial Insurance? When a Small Business is Home-Based

Written by: Erin Oswalt, Director, Home Solutions

What do Amazon, Spanx, Apple and Microsoft all have in common? Yes, they are all billion dollar global brands, but they all started out as a home business.[i] While not all businesses that start out in a home – or garage – will become global...

Increase Customer Lifetime Value Accuracy with a Robust Contributory Database

Written by: Kelly Rush, Director, Home Solutions

The business landscape is shifting, and home insurance is not exempt from the forces driving change. Evolving customer expectations, increase in shopping frequency, and a greater level of modeling sophistication combined with increased use of data a...

The Future is Now: Insights and Strategies for Smart Home Insurance Programs

Written by: Dan Davis, Director, IoT & Emerging Markets, LexisNexis Risk Solutions

Do you remember The Jetsons? If so, here’s a pop fact that will surely blow your mind: right now, in 2020, we are closer to the year in which the popular show is set (2062) than we are to when it first premiered on television (1962). Those of us w...

A Fast Quote is Not Enough in Home Insurance

Written by: LexisNexis Risk Solutions

Is your customer experience optimized for the new ways people are using their homes? If you are only concentrating on speeding up the buying process, you may be missing details that would lend to a positive experience for your customers. It all star...

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