LexisNexis launches AI-powered risk assessment tool for home insurers. The new Location Intelligence solution uses artificial intelligence and neural network modeling to help US insurers evaluate property risk with greater precision during underwriting and renewal stages. The tool addresses mounting industry pressures from rising repair costs and increasing catastrophic events by identifying risk factors beyond traditional methods. Data shows homes with highest risk scores are twenty times more likely to file claims than lowest-scoring properties. Non-weather water damage now accounts for nearly a quarter of all claims, highlighting gaps in conventional assessment approaches. The predictive analytics integrate directly into insurer workflows to improve consistency and enable proactive risk mitigation with policyholders before losses occur.
