Blog: Home history data may build a better picture for pricing
Pricing practices in the home insurance market are under scrutiny and according to Jay Borkakoti, director, home insurance, UK and Ireland, Lexis Nexis Risk Solutions insurers need to use claims history data to better their understanding of property risk.
While the average weekly cost of home contents insurance has fallen, it has not stopped three out of five households shopping around for their home insurance every year, no doubt nudged on by the
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