Small businesses represent a significant growth opportunity for commercial insurance carriers and underwriting these risks can be challenging. Nearly 80% of U.S. businesses have fewer than 10 employees and many lack a meaningful traditional credit footprint.₁ As business owners often rely on personal resources to finance their operations, traditional credit data alone may fall short. To compete effectively, carriers need predictive scoring models and attributes built for this segment.

During this webinar, you’ll learn how non-FCRA public records can help you more accurately predict small business risk, powered by LexisNexis® Attract™ for Commercial Business Owner model.

Key takeaways

· Gain a clearer understanding of the diverse commercial market and the challenges carriers face
· Learn how non-FCRA data can help enhance segmentation and reveal new growth opportunities
· See how these insights help support more confident, data-driven underwriting decisions
· Get an introduction to the new LexisNexis® Attract™ for Commercial Business Owner Model, including the anticipated launch timeline

₁2022 Annual Business Survey, Census Bureau