RELX-backed LexisNexis Risk Solutions completed the acquisition of Flyreel.

RELX-backed LexisNexis Risk Solutions, a global data and analytics company, completed the acquisition of Flyreel, a property insurtech. Financial terms were not disclosed. "Insurers need a modern solution for the home inspection process that reduces costs, gives them the insight they need to underwrite and improve loss ratios, and offers a convenient, intelligent customer experience. By combining Flyreel's innovative capabilities with our vast data analytics assets, we will create a transformative platform for property risk assessment that offers insurers comprehensive underwriting insights and more effectively identifies the properties that need inspections at renewal. The benefits are game-changing," Bill Madison, LexisNexis Risk Solutions CEO.