Lexisnexis Risk Solutions Acquires Property Insurtech Flyreel

LexisNexis® Risk Solutions, part of RELX, today announced it has acquired Flyreel, a Denver-based property insurtech that uses artificial intelligence (AI) and machine learning to enable self-service property inspections, which provide additional visibility into a property's interior and exterior to improve and automate new business and renewal underwriting and claims processes. Flyreel will become part of the insurance business within LexisNexis Risk Solutions, complementing the insurance data and analytics leader's existing breadth of data assets and models that help assess risk for a structure's inhabitants and location.