LexisNexis Risk Solutions announced the availability ofLexisNexis Insurance Enterprise View, a new modular solution thatintegrates data from multiple sources to drive decision-making byinsurance companies. The platform serves as a single, reconcileddata source for billing, policy, claims and reinsurancesystems.

Throughout the insurance industry, companies are facing risingcosts associated with aging legacy systems that are expensive to maintain and oftenunable to effectively merge data from different sources. Insurersare taking a more aggressive approach to replace older systems withsolutions that reconcile data across platforms and speed uptime-to-market for new products and services.

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

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

LexisNexis designed Insurance Enterprise View so that it can beimplemented in phases. The solution can be tailored to therequirements of each enterprise, with the ability to adapt asspecific business situations evolve. Additional benefits includethe merging of back-office systems and reduced reliance onhard-to-find resources necessary for maintaining legacysystems.

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