LexisNexis adds Flood Re data
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LexisNexis Risk Solutions has added Flood Re data to its platform for home insurers and insurance brokers.
The provider of data, analytics and technology, explained that the addition enables insurers to automatically identify any property that qualifies for Flood Re at the point-of-quote and understand the cost of ceding to the program.
The company argued that the new service, combined with its existing flood modelling data, means insurers can make better decisions regarding the price to quote
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