InsurTech Futures: LexisNexis rolls out software to tackle ghost broking
Service also aimed at preventing fronting on motor quotes.
LexisNexis Risk Solutions has unveiled a new service designed to help brokers and insurers tackle fronting and ghost broking in the motor market.
According to the firm its two stage approach flags if quotes have been manipulated and then builds a picture of risk related to the named drivers on a policy as well as the main policyholder.
The data experts claimed that the new offering was a first for the UK insurance industry.
The business’ research found 29% of people admitted to ‘fronting’.
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