LexisNexis Risk Solutions Named a Leader in IDC MarketScape: U.S. Provider Data Management for Payers 2025-2026 Vendor Assessment [Accessibility Statement] Skip NavigationThe IDC MarketScape recognizes the company's strengths in data volume, quality, completeness, coverage and compliance with directory mandatesATLANTA, Feb. 24, 2026 /PRNewswire/ -- [LexisNexis® Risk Solutions] has once again been named a Leader in the IDC MarketScape: U.S. Provider Data Management for Payers 2025-2026 Vendor Assessmenti. Th ...

LexisNexis Risk Solutions Launches AI-Powered Identity Management Platform for Healthcare [Accessibility Statement] Skip NavigationIndustry-leading identity verification, resolution and enrichment solutions combine with leading AI authentication capabilities to secure, unify and enrich patient identities across the care journeyATLANTA, Feb. 19, 2026 /PRNewswire/ -- [LexisNexis® Risk Solutions] today announced the launch of an identity management platform with industry leading identity verification, resoluti ...

U.S. Auto Insurance Policy Shopping and New Business Growth Continue to Break Records in Q4 with "Hot" Readings on the LexisNexis® U.S. Insurance Demand Meter [Accessibility Statement] Skip NavigationATLANTA, Feb. 18, 2026 /PRNewswire/ -- Shopping for U.S. auto insurance remained in high gear through the fourth quarter of 2025, according to the latest [U.S. Insurance Demand Meter] from [LexisNexis® Risk Solutions.] The quarterly year-over-year shopping growth registered "Hot", rising to 6.9% on the Demand M ...

Core Insights - LexisNexis Risk Solutions has launched LexisNexis IDVerse for Insurance, an AI-powered solution designed to combat AI-driven fraud in the insurance sector, particularly for U.S. personal lines insurers [1][2] Industry Context - The U.S. Department of Homeland Security projects that losses from generative AI-enabled fraud could reach $40 billion by 2027, highlighting the increasing sophistication of fraud techniques that challenge traditional verification methods [3] Product Features - IDVerse for Insurance utilizes biometric verification, proprietary AI models, and deep neural networks to authenticate and verify identity documents and digital identities quickly at various points in the insurance workflow, including quoting, claims, and customer service [2][4] - The solution aims to reduce fraud risk, enhance efficiency, and protect profitability by automating real-time identity verification, which is seamlessly integrated into the insurance process [2][4] - Key features of IDVerse include biometric face matching, liveness checks, automated decision-making with yes/no verification results, global document coverage, and contextual AI learning that adapts to evolving threats [6] Market Demand - U.S. insurers face increasing pressure to provide seamless digital experiences while ensuring security, as advanced technologies are exploited by fraudsters [4] - The need for sophisticated countermeasures is critical as fraud tools evolve, necessitating insurance companies to adopt advanced technologies like IDVerse to maintain security and enhance customer experience [4]

Core Insights - LexisNexis Risk Solutions has achieved FedRAMP "In Process" status, indicating significant progress towards full FedRAMP Authorization, which underscores the company's commitment to secure and compliant cloud solutions for federal missions [1][2][4]. Group 1: FedRAMP Process - The "In Process" designation confirms that LexisNexis Risk Solutions is undergoing a rigorous security assessment required for cloud service providers handling federal data, including third-party assessments and system security documentation reviews [2]. - Progress through the FedRAMP process builds on existing state and local security authorizations, including TxRAMP certification and alignment with GovRAMP requirements, reflecting a cohesive government-wide security posture [3]. Group 2: Trust and Commitment - LexisNexis Risk Solutions has a long history of supporting government agencies with trusted solutions for identity assurance, fraud prevention, and risk management, which is reflected in the maturity of its security architecture [4]. - The CEO emphasized that trust is essential for government missions, and the FedRAMP "In Process" status demonstrates the confidence federal partners have in the company's ability to meet high security standards [5]. Group 3: Government Solutions - The advancement through the FedRAMP process highlights the company's commitment to building secure technology environments that support government missions, including public safety and national security [6]. - LexisNexis Risk Solutions maintains alignment with federal cybersecurity mandates and compliance expectations, strengthening its ability to support mission-critical programs [6].

Core Insights - U.S. vehicle brand loyalty remains steady at 51.4% in 2025, reflecting resilience despite challenges such as higher vehicle prices and evolving electric vehicle (EV) options [1][5][6] Brand Loyalty - The analysis indicates that brand loyalty is critical, with overall U.S. vehicle brand loyalty holding at 51.4%, a 0.4 percentage point increase year-over-year [2][5] - Toyota leads the industry with a loyalty rate of 60.2%, supported by stronger hybrid retention, while Tesla's loyalty has decreased to 55.9% due to increased competition in the EV market [6][5] Influencing Factors - Average new vehicle prices exceeded $50,000, and incentives dropped to 6.7% of the average transaction price, impacting consumer purchasing behavior [5][11] - Fuel-type loyalty among EV repurchasers fell significantly from 82.7% in September to 58.3% in December, while gasoline loyalty increased from 80% to 83% during the same period [5][6] Market Dynamics - Ten automotive brands surpassed the industry average loyalty rate of 51.4% in 2025, indicating varied performance across brands [5] - Loyalty in key segments like Large Pickup (54.8%) and Compact SUV (53.0%) increased, reaching their highest levels in years despite rising costs [11] EV Adoption and Retention - EV brand loyalty decreased from 76% in 2024 to 73% in 2025, highlighting the need for automakers to adapt their retention strategies as consumer fuel preferences evolve [11] - The transition to EVs is slower than anticipated due to policy uncertainties and changes in emissions standards [11] Ownership Experience - As EVs reduce the need for routine dealer service visits, automakers are encouraged to enhance post-sale engagement and deliver value throughout the entire ownership lifecycle [11]

Core Insights - The insurance industry is increasingly leveraging artificial intelligence (AI) to enhance operations, including risk assessment, fraud detection, and claims processing [1][2][3] AI Adoption in Insurance - A significant majority of car insurance companies (88%) and home insurers (70%) are either using or planning to explore AI technologies [2] - Despite the growing use of AI, human involvement will remain essential in the insurance process [2] Enhancements in Customer Experience - AI is expected to facilitate faster quotes and quicker responses, making the policy purchasing process more efficient [4] - Chatbots powered by AI will provide instant answers and seamlessly connect customers with human representatives when needed [5] - AI can streamline the application process by automatically filling out forms based on customer descriptions [6] Risk Assessment and Underwriting - AI tools can verify data on policy applications to reduce errors and surprises later [7] - New AI technologies enable underwriters to collect information and assess risks more efficiently, such as through self-guided mobile inspections [7][8] - Machine learning has been utilized for years to analyze data and predict policy pricing more accurately [8][9] Personalized Pricing and Coverage - Advances in generative AI allow insurers to transform data for more precise pricing, potentially making coverage more accessible for high-risk properties [9][10] - AI can help tailor insurance coverage based on real-world data, such as driving behavior and smart-home technology [11] Claims Processing Improvements - AI can expedite claims payouts for simple claims, while also streamlining complex claims by summarizing extensive documentation [12][14] - Virtual AI agents assist claims adjusters by gathering data from multiple sources, improving efficiency in the claims process [14][15] Limitations and Challenges of AI - The insurance industry faces regulatory challenges, with each state having its own laws that must be adhered to [16] - Privacy and bias concerns arise from the extensive data used by AI, necessitating secure handling and unbiased algorithms [17] - Transparency is crucial, as insurers must explain data usage and decision-making processes to consumers [18] - The potential for errors in AI systems highlights the need for human oversight to ensure accuracy and accountability [19]

Core Insights - Javelin Strategy & Research released its 2025 KYC and KYB Solution Scorecard, evaluating 17 vendors for identity verification and compliance solutions in the U.S. financial sector, focusing on Capabilities, Use Cases, and Functionality [1][7] Vendor Performance - ACI Worldwide, Inc. received the Best in Class ranking for its comprehensive KYC and KYB solution, featuring customizations, automated SAR filing, dark web scanning, and human trafficking detection [2] - Sumsub and LexisNexis Risk Solutions were recognized as overall Leaders, with Sumsub noted for its advanced verification features and LexisNexis for its functionality and analytics depth [4] Industry Trends - The integration of individual and business identities necessitates financial institutions to partner with vendors that support both KYC and KYB, emphasizing the need for automation and intelligence in risk detection [3] - A significant gap exists in the detection of human trafficking, with only 41% of vendors offering such capabilities, which is critical for combating money laundering and fraud [5][6] Recommendations for Financial Institutions - The scorecard provides insights into vendor compliance progress, helping institutions identify innovation leaders and areas needing improvement in risk management [7]

Core Insights - LexisNexis Risk Solutions has launched Medical Insights from LexisNexis Health Intelligence, a digital health solution aimed at transforming the utilization of medical data in life underwriting [1][2] - The new functionality standardizes and extracts critical insights from electronic health records (EHRs), enabling life insurance carriers to enhance risk assessment and accelerate underwriting decisions [1][2] Key Features - Medical Insights provides structured data from EHRs, including vital signs, lab results, and material conditions, allowing for quicker identification of critical risk data [1][6] - The platform supports triage acceleration, helping underwriting organizations maintain more applicants in accelerated programs and reducing cycle time [6] - It includes features like Clinical Screener and Impairment Identifier, which help assess medical conditions without the need to analyze entire medical records [6] Benefits - The solution mitigates risks associated with misrepresentation and mortality slippage by ensuring critical details are not overlooked [6] - It allows life insurers to automate the underwriting process flexibly, improving decision-making at any stage of digital transformation [6] - By combining medical and non-medical data, Medical Insights enhances segmentation of mortality risk, leading to more precise pricing and accurate mortality predictions [6][5]

Core Insights - The LexisNexis U.S. Home Trends Report highlights the increasing severity and costs associated with climate-driven catastrophes and inflation, leading to higher premiums for consumers [2][5][6] All Peril Trends - All Peril severity increased by 9% from 2023 to 2024, marking the highest increase in seven years, with 2024 witnessing 27 climate disasters causing damages of $1 billion or more, which is 21% above the long-term average [5][6] - Catastrophe claims accounted for 42% of all claims in 2024, with catastrophe losses rising to 64%, indicating a significant trend towards more catastrophic events [5][6] Hail Perils - Hail loss costs were 19% above the seven-year average in 2024, with nearly two-thirds of claims categorized as catastrophic [5][11] - The U.S. experienced 5,373 hail events in 2024, although this was a decrease from 2023, yet loss costs continued to rise [6][11] Wind, Water, Fire and Lightning Perils - Wind claims saw a 30.7% increase in loss costs and a 23.5% rise in severity from 2023 to 2024, driven by Hurricanes Helene and Milton [5][11] - Weather-Related Water loss costs increased by 25.4% from 2023 to 2024, with claims severity up by 29.6% [11] Non-Weather-Related Perils - Non-Weather-Related Water perils experienced a decrease in loss costs by 4.3% and frequency by 9.9%, while severity increased by 6.2% in 2024 [11] - Theft loss costs and frequency decreased by 20% and 20.9%, respectively, while severity rose by 1.1% [11] Geographic Patterns - Colorado had the highest loss cost from catastrophic claims, while Nebraska recorded the highest loss cost for All Peril claims in 2024, primarily due to hail losses [6][11] - States with the highest combined catastrophe and non-catastrophe loss costs included Colorado, Minnesota, Nebraska, Louisiana, and South Dakota [6]