LexisNexis Announces New Technology Platform For Policy, Claims, Billing and Reinsurance Data

LexisNexis Risk Solutions announced the availability of LexisNexis Insurance Enterprise View, a new modular solution that integrates data from multiple sources to drive decision-making by insurance companies. The platform serves as a single, reconciled data source for billing, policy, claims and reinsurance systems.

Throughout the insurance industry, companies are facing rising costs associated with aging legacy systems that are expensive to maintain and often unable to effectively merge data from different sources. Insurers are taking a more aggressive approach to replace older systems with solutions that reconcile data across platforms and speed up time-to-market for new products and services.

LexisNexis Insurance Enterprise View offers balancing, reconciliation, and error report features. The solution is designed to streamline reporting to statistical bureaus, helps insurers comply with evolving audit requirements, and gives insurers secure online access to valuable information and analytics.

“Insurance Enterprise View enables insurance carriers to use IT to promote business growth and transformation, providing a way forward from legacy systems,” sa Jeffrey Glazer, CEO Insurance, LexisNexis Risk Solutions. “LexisNexis Insurance Enterprise View achieves this by giving carriers a unified view of data from disparate systems across the enterprise.”

LexisNexis designed Insurance Enterprise View so that it can be implemented in phases. The solution can be tailored to the requirements of each enterprise, with the ability to adapt as specific business situations evolve. Additional benefits include the merging of back-office systems and reduced reliance on hard-to-find resources necessary for maintaining legacy systems.

For more information visit http://www.lexisnexis.com/insurancesoftware

Comments

Resource Center

View All »

Leveraging BI for Improved Claims Performance and Results

If claims organizations do not avail themselves of the latest business intelligence (BI) tools, they...

Top 10 Legal Requirements for E-Signatures in Insurance

Want to make sure you’ve covered all your bases when adopting e-signatures? Learn how to...

Get $100 in leads with $0 down!

NetQuote's detailed, real-time leads have boosted sales for thousands of successful local agents across the...

The Growing Role of Excess & Surplus Lines in Today’s...

The excess and surplus market (E&S) provides coverage when standard insurance carriers cannot or will...

Increase Sales Conversion with this Complimentary White Paper

This whitepaper will share proven techniques - used by many of the industry's top producers...

D&O Policy Definitions: Don't Overlook These Critical Terms

Unlike other forms of insurance where standard policy language prevails, with D&O policies, even seemingly...

Environmental Risk: Lessons Learned from Willy Wonka and the Chocolate...

Whether it’s a chocolate factory or an industrial wastewater treatment facility, cleanup and impacts to...

More Data, Earlier: The Value of Incorporating Data and Analytics...

Incorporating more data earlier in claims lifecycles can help you reduce severity payments by 25%*...

How Many Of Your Clients Are At Risk Of Flood?

Every home is vulnerable to flooding. Learn four compelling reasons why discussing flood insurance with...

Gauging your Business Intelligence Analytics Capabilities and the Impact of...

Big Data, Data Lakes and Data Swamps, How to gauge your company's Big Data readiness....

Tech Digest eNewsletter

Technology related insights for insurance professionals including key developments, solution providers and news briefs from the carrier front – FREE. Sign Up Now!

Advertisement. Closing in 15 seconds.