SSP has selected LexisNexis as its preferred data partner in the UK.
The two companies have signed a long-term strategic partnership for the provision of data to insurers at the time of quote and sale to improve underwriting and pricing decisions.
LexisNexis serves more than 300 general insurers in the US.
“We evaluated numerous options to find a partner with the capability to deliver an ongoing stream of data and analytical innovations to improve underwriting and pricing decisions,” said Adrian Coupland, head of insurer relationships - distribution, SSP.
“With LexisNexis, we also benefit from deep expertise in the insurance data market with a proven track record and years of experience. This strategic partnership is a key component of our approach to real-time rating and will help us meet the needs of insurers who are looking to achieve more accurate, timely, and profitable underwriting.”
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