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Risk Analytics
Business Honor
26 September, 2025
LexisNexis' new dashboard helps U.S. insurers analyze claim trends, manage catastrophe risks, and improve response times amid rising costs.
Major data and analytics business LexisNexis® Risk Solutions announced the new Home Claims Insights dashboard, that is a part of the Insurance Market Insights platform. The tool is designed to support U.S. property insurers dealing with increasing problems like rising claim costs, an increase in the number of catastrophic events, and higher maintenance prices. The value of property claims in the United States rose by 33% between 2021 and the end of 2024, with 42% of all property claims being catastrophic (CAT) claims. The need for quick and complete knowledge is being provoked by these difficulties in the insurance sector.
Insurers can track and analyze important indicators like claims severity, process delays, and geographical trends using the new dashboard. Insurers can also examine risks by peril type, location, policy type, square footage, and other factors using specific and overall industry data. This supports insurers in determining if the problems are unique to them or represent a larger pattern. In addition, the platform fills an important data gap for both CAT and non-CAT claims, allowing insurers to look at patterns based on specific weather conditions. Compared with standard reports on industries, ideas are provided 60–80% faster, allowing faster decision-making.
According to LexisNexis, CAT losses rose by 6% in Q1 2025 as compared to Q1 2024. The nationwide increase in claim severity was 12.8%, with significant increases in New York (+36%), Boston (+26%), and Washington, D.C. (+23%). Over 18,500 fire claims were caused by the wildfires in California in January 2025. Resulting in a 260% increase in the scope of CAT claims nationwide. Ryan Hupp, Director of Product Management, stated, "Insurers want to keep rising costs within control while ensuring customer satisfaction." Tools like this will be important in supporting insurers in staying strong and more prepared for the future as natural catastrophes become more common and claims become more complex.