LexisNexis Risk Solutions Launches Location Intelligence: A First-of-Its-Kind Underwriting Solution for U.S. Commercial Property Risk Assessment
New proprietary solution delivers more than 20 times the lift, enabling commercial property insurers to help automate and optimize risk strategies with more accuracy
ATLANTA , June 19, 2025 /PRNewswire/ -- LexisNexis® Risk Solutions today announced the launch of LexisNexis® Location Intelligence for Commercial, a next-generation commercial property risk assessment solution that sets a new standard for more precise, automated and predictive modeling power in the U.S. commercial insurance sector at underwriting and renewal.
As severe weather events continue to escalate in frequency and severity – driving more than 65% of all U.S. property losses1, commercial insurers face mounting challenges in underwriting, pricing and portfolio management. Location Intelligence for Commercial helps commercial insurance carriers better assess and spotlight property risks that are highly indicative of loss propensity.
To address these blind spots in today's commercial underwriting processes, Location Intelligence for Commercial helps deliver insights using a holistic approach that combines industry loss data that is highly indicative of future loss, weather forensics and granular property characteristics into a suite of predictive modeling risk scores and supporting attributes. The patent-pending solution then adds proprietary claims information and neural network-driven risk propensity models to deliver actionable, future-focused insights directly into commercial insurance carrier workflows for a more detailed and accurate view of commercial property risk.
"As opposed to conventional sources of information from basic weather data, roof age and aerial imagery, LexisNexis Location Intelligence represents a new standard for commercial property risk assessment that helps give insurers the actionable intelligence they need for a fuller and more granular view of risk coupled with workflow automation they can actually leverage," said David Zona, senior vice president, commercial insurance, LexisNexis Risk Solutions. "With Location Intelligence, they can better assess risk, such as which 10% of the properties in their book could generate a third of their property losses. This can put them in a unique position to be a customer service leader, proactively working with their customers on risk mitigation and resilience efforts."
LexisNexis Location Intelligence capabilities include:
- Unmatched Predictive Modeling Lift: Can deliver over 20 times the lift2 compared to traditional loss propensity models, enabling commercial insurance carriers to better pinpoint the 10% of properties likely to generate 34% of weather-related losses in the coming year.
- Multi-Source Intelligence: Synthesizes aerial imagery, LexisNexis Risk Solutions comprehensive claims data, weather events and proprietary information for a more complete, accurate risk profile far beyond what imagery alone can provide and not just a point-in-time snapshot.
- Automation and Efficiency: Integrates seamlessly into commercial insurance underwriting and renewal workflows, supporting straight-through processing and enabling more efficient, targeted risk control strategies.
- Transparency and Communication: Provides a more transparent, multi-source approach to risk assessment, positioning commercial insurance carriers to more easily adapt to evolving regulatory requirements and communicate to business owners a more robust view of their commercial property risk, helping to ensure they are adequately insured in the event of a claim.
"We understand that insurance underpins the economy, and commercial property insurers need to be able to confidently manage risk and improve profitability as they look to support the nation's small business foundation," continued Zona. "With year-over-year losses and the growing volatility of weather patterns, insurance carriers need more than historical data to win the day. They need forward-looking, actionable insights to better identify underwriting risk and improve profitability so they can continue helping their business customers thrive."
For more information, please visit LexisNexis Location Intelligence for Commercial.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (NYSE:RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.
1 LexisNexis Risk Solutions internal study, 2025
2 LexisNexis Risk Solutions internal study, 2024
Contact:
Chas Strong
[email protected]
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