The LexisNexis® National Credit File helps insurance underwriters to better assess risk exposure prior to granting insurance coverage. Credit data can provide a better understanding of the risk of over-insurance, anti-selection, wealth/debt and misrepresentation of proposed insured.
LexisNexis® National Credit File (NCF) provides both interactive and batch consumer credit reports to insurance carriers. Since the financial history of the applicant can be considered as part of assessing risk for quoting and underwriting purposes, NCF gives access to major credit bureau reports through a single point of entry with a common inquiry and results format to help segment risk. LexisNexis continues to enhance the platform and expand data sets, resulting in next generation credit attributes and insurance scores to provide a more granular view of a consumer’s information and risk.