Core Insights - LexisNexis Risk Solutions has launched a new commercial property risk assessment solution called LexisNexis Location Intelligence for Commercial, which enhances predictive modeling capabilities in the U.S. commercial insurance sector [1][3] Industry Challenges - The frequency and severity of severe weather events are increasing, contributing to over 65% of all U.S. property losses, which poses significant challenges for commercial insurers in underwriting, pricing, and portfolio management [2] Solution Features - The Location Intelligence for Commercial solution combines industry loss data, weather forensics, and granular property characteristics to create predictive modeling risk scores, enhancing the accuracy of risk assessments [3][4] - The solution utilizes proprietary claims information and neural network-driven risk propensity models to provide actionable insights directly into commercial insurance workflows [3][4] Competitive Advantage - The new solution can deliver over 20 times the predictive modeling lift compared to traditional models, allowing insurers to identify the 10% of properties that could account for 34% of weather-related losses in the upcoming year [6] - It integrates various data sources, including aerial imagery and comprehensive claims data, to create a more complete risk profile, moving beyond basic weather data [6] Operational Efficiency - The solution supports automation and efficiency by integrating seamlessly into underwriting and renewal workflows, enabling more targeted risk control strategies [6] - It promotes transparency in risk assessment, helping insurers adapt to regulatory changes and communicate effectively with business owners regarding their property risks [6]