LexisNexis, a provider of legal and risk management solutions, announced it will expand its presence in the life insurance market. The company is debuting two new products to streamline the underwriting process and give life insurance companies the agility to manage existing market share and capture new market share.
The company's growth in the life insurance market—consistent with its position in the personal auto and personal property spaces—enables LexisNexis to leverage data throughout the policy life cycle and offer a comprehensive solution set that maximizes decisioning information and improves overall efficiency.
As part of the launch, LexisNexis has unveiled two new products: Current Carrier Life, a contributory database designed to help life insurers better manage risk and detect fraud. And, LexisNexis Life Electronic Inspection Report (EIR), a tool that provides insurance underwriters with instant access to public records data.
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