Complimentary Report from LexisNexis Risk Solutions
Application acceleration: Prefill and Automation
Part One: Consumers and home insurance providers understand the potential benefits of using data prefill and more automation, but terms and conditions apply.
LexisNexis Risk Solutions recently conducted a study that explores consumer’ and insurance providers attitudes and perceptions of data prefill within the home insurance market in the UK. Of those 1,500 homeowners, who were surveyed, surprising insights giving a clearer picture of consumer attitudes towards use of specific types of information to enable data prefill where uncovered.
This report shows the outcome of the research conducted, and goes deeper into the findings, it highlights the willingness of consumers to allow data prefill in the home insurance application process; and an appetite among home insurance providers to use this technology. Each would gain as a result: greater use of prefill data would result in a faster, more user-friendly application process, while home insurance providers could price risks more accurately, reduce fraud; and increase efficiency and productivity.