Case Study: Leading Carrier Company finds $13M+ in prior losses with LexisNexis Risk Solutions' C.L.U.E. Commercial

One carrier finds over $13 million in prior losses with LexisNexis® C.L.U.E.® Commercial

LexisNexis Risk Solutions’ C.L.U.E. Commercial is a contributory, automated loss-run solution designed to give insurers a standardized view of prior commercial claims. The business challenge: manual, paper-based loss runs are time-consuming, error-prone and often miss prior losses, exposing carriers to adverse selection and higher-than-expected loss costs.

In a test of three carriers, C.L.U.E. Commercial uncovered almost 2,000 previously unrecognized claims totaling about $30 million; one carrier alone had more than 700 claims totaling over $13 million (38% of that amount came from just five policies). By integrating C.L.U.E. Commercial into underwriting, carriers can more accurately assess risk, adjust pricing or coverage, or decline business—reducing exposure and improving portfolio management.