Dublin-based MGA, Service First, is set to roll out perils data from LexisNexis Risk Solutions to enhance pricing decisions in e-traded commercial property insurance.

LexisNexis Risk Solutions will deliver geospatial data intelligence on perils including flood and subsidence. The data will feed directly from LexisNexis Informed Quotes into the Service First technology platform to support more accurate and streamlined e-traded quotes.

Shane McCabe, strategic account manager, UK and Ireland insurance, LexisNexis Risk Solutions, said: “Taking advantage of perils data looking to predict and plan for weather events has become essential. With a clearer picture of the environmental risks of commercial properties, Service First can offer the most appropriate cover at the right price to customers in an e-traded environment, speeding up the quote process while reducing the need for referrals.”

Linda Carton of Service First added: “LexisNexis Risk Solutions has worked with us every step of the way so that we have the right data solutions to help us make more informed decisions at new business, renewal and during the lifetime of the policy. This will likely not only enhance customer satisfaction but also strengthen the overall resilience of the Irish business community in the face of our changing climate.”

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