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LexisNexis Risk Solutions and Shift Technology have announced a strategic alliance aimed at enhancing fraud detection and risk management in the insurance industry. This partnership allows insurance carriers to integrate LexisNexis Claims Clarity data into Shift's AI-driven decision models, improving the prediction of fraud and risk at the first notice of loss. Insurers can fast-track over 80% of claims with high confidence, resulting in enhanced efficiency and customer satisfaction. The collaboration seeks to address the industry's shift to real-time data processing for better decision-making.

Cirium's latest Airline Insights Review forecasts a significant recovery in the aviation industry, with global capacity projected to increase by 47% in 2022, returning to 2015 levels. Despite losing 15 years of growth due to the pandemic, 2021 saw a return to 2006 capacity levels, driven by strong domestic markets, particularly in the US and China. The global passenger fleet will rise from 17,000 to 20,700 by the end of 2022, with business travel expected to surge by 36%. However, CO2 emissions are anticipated to rise as flight activity increases.

CALIBRE Systems and LexisNexis Risk Solutions have secured a $34 million contract from the General Services Administration (GSA) to enhance digital identity verification for Login.gov. This partnership supports the GSA's Technology Transformation Services, focusing on online identity proofing and fraud detection. Both companies aim to improve citizen access to government services while ensuring security and compliance. The contract continues their collaboration with federal agencies since 2018, enhancing user experience and reducing costs for government entities.

LexisNexis Risk Solutions has improved its position in the 2022 Chartis Research RiskTech100, ranking 11th, up six places from the previous year. The company has also won the category for Financial Crime - Data for the fourth consecutive year, underscoring its ongoing commitment to innovation. Notable developments include a merger with Accuity and an acquisition of TruNarrative, both enhancing its risk and compliance solutions. The introduction of the Financial Crime Digital Intelligence solution further strengthens its offerings to meet the evolving demands of financial crime compliance.

The LexisNexis Risk Solutions Insurance Demand Meter report reveals a -3.9% decline in the annual U.S. auto insurance shopping growth rate for Q3 2021, with new policy growth at a two-year low of -7.3%. This downturn follows a downward trend from earlier in the year, driven by macroeconomic factors including global microchip shortages affecting car inventory and rising used car costs. The report indicates that more consumers are staying with their current carriers, influenced by rate increases and the lifting of state moratoria on policy cancellations.

Karlsgate has partnered with LexisNexis Risk Solutions to develop a secure identity resolution platform for the healthcare sector. This collaboration aims to enhance data sharing capabilities while ensuring patient identity protection, an essential factor due to HIPAA regulations. The zero-trust environment will ease the burdens of custom data integrations for healthcare providers. Both companies emphasize the significance of secure and efficient data handling to improve health outcomes.

LexisNexis Risk Solutions has integrated Mitsubishi Motors North America's telematics data from the Mitsubishi Road Assist+ app into its Telematics OnDemand solution. This integration allows U.S. auto insurers to access driving behavior insights, enabling personalized insurance pricing at the point of quote. Mitsubishi vehicle owners who opt to share their data could receive immediate discounts on their premiums. This collaboration aims to enhance risk assessment for insurers and improve the overall customer experience for Mitsubishi drivers.