See Beyond Your Book

See beyond
your book

Unlock policy insights for more confident and efficient commercial auto insurance decisions

LexisNexis® Current Carrier® Commercial is a contributory solution that brings together prior commercial auto policy details from participating carriers into a single, standardized source for policy and coverage verification.Contents

Explore Sam’s
customer journey

Ready to turn your commercial
auto policy history data into a
strategic competitive advantage?

Are crucial policy history details missing from your underwriting view?

Commercial auto insurance carriers are being asked to make faster decisions, more frequently, leading carriers to often rely on what an applicant or agent reports about prior insurance.

When that information is incomplete or inaccurate, the impact can be immediate:
• Undisclosed drivers and vehicles
• Unverified limits and deductibles
• Unknown gaps in coverage history

THIS CAN RESULT IN:
Slower quotes, more underwriting follow-up and business that may not be priced to its true exposure.

The problem isn’t only a lack of critical data elements. It’s also a lack of visibility into prior policies.

36%

of underwriters lack the critical data elements they need at point of quote.¹

68%

of carriers surveyed report that up to 30% of their commercial auto claims are from undisclosed drivers.²

1. LexisNexis® Risk Solutions Commercial Auto Market Research, 2023
2. LexisNexis® Risk Solutions Commercial Research Study, 2023.

An increasingly dynamic commercial auto insurance market demands a more complete view of the risk

To enable more confident risk selection and more accurate pricing, you need access to more current and complete prior-policy information at the point of quote.
In fact, 96% of carriers are currently working to increase data accuracy in underwriting.²

LexisNexis^® Current Carrier^® Commercial is a contributory solution that brings together prior commercial auto policy details from participating carriers into a single, standardized source for policy and coverage verification.

WHAT DO YOU GET

Prior policy information such as:

Coverage limits

Deductibles

Vehicle information

Driver information

Effective dates

Policy type

Lien/Lessor information

Policy status

Mitigate market blind spots and accelerate decisions with your data contributions

Carriers that contribute their commercial auto policy history details to Current Carrier Commercial gain actionable intelligence by tapping into these collective industry insights, delivered directly into existing quoting and underwriting workflows, to help close the information gaps in their own book of business.

Instead of collecting and reviewing declaration pages, Current Carrier Commercial provides structured policy data that allows you to:

Identify undisclosed vehicles and drivers at point of quote
Confirm, rather than collect, proof of prior insurance and prior policy details
Pinpoint lapses in coverage
Help improve risk selection and loss performance

Maximize the value of contributory data across the commercial auto insurance lifecycle

With a more complete picture of prior coverage, you can easily provide like-for-like competitive quotes more efficiently and more often by automatically populating existing policy details — allowing you to better align rates to risk while enhancing efficiency and profitability.

Contributing to Current Carrier Commercial can help you:

Improve quoting and underwriting efficiency by refining and accelerating risk assessment processes

Segment and price risks more effectively to foster growth, reduce costs and enhance customer service

Scale and innovate faster with easy access to unique tools and a robust data repository

Support analytical and product development initiatives with access to comprehensive data

From shared data to shared value

The value of your contribution doesn’t stop there.

Current Carrier Commercial serves as the shared foundation for a connected solution ecosystem that equips you with proprietary, industry-level historical insights at critical decision points — informing related solutions across quoting, underwriting, renewal, compliance and claims workflows.