LexisNexis Risk Solutions announces the migration of its insurance solutions to the LexisNexis big data processing platform known as HPCC Systems. LexisNexis is leveraging the platform to help insurers assign premium more accurately, better understand their customers and risk throughout the policy lifecycle, and drive a more profitable book of business.

Among the first solutions to migrate to HPCC Systems' platform is C.L.U.E. Auto, the industrystandard loss underwriting database for the auto insurance market, representing 99.6 percent industry contribution. C.L.U.E. Auto with HPCC Systems finds claims on more than 64 percent of all inquiries and has a historical consumer dispute rate of less than 0.04 percent.

A recent study was conducted by LexisNexis on a group of insurance applicants of which 20 percent had been evaluated and reported as having no prior claims history and would not require a C.L.U.E. Auto report.  LexisNexis ran these "clean" applicants through C.L.U.E. Auto for the first time, and found 49 percent had prior claims history. The lifetime premium leakage associated with those missed claims totals over $1 million.